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stan.distortion (OP)
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July 16, 2014, 02:22:07 PM
Last edit: October 30, 2015, 12:09:06 AM by stan.distortion
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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July 16, 2014, 02:51:58 PM
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Sure if you can solve the sybil attack problem in a decentralized anonymous network.  It is an unsolved problem.

What happens if most of your peers are the attacker (because he runs a 800,000 node botnet and thus has the majority of the nodes on the network for minimal cost)?  Sure you can deprioritize the offending nodes but you have still lost funds and you aren't getting them back.
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