one ip one vote

(1/5) > >>

pwn8:
the bitcoin white paper says: "if the majority were based on one-IP-address-one-vote, it could be subverted by anyone
able to allocate many IPs".
Is it possible to create a cryptocurrency in which IP addresses are "staked"?.
If a node acts maliciously its ip address is blacklisted.
So anyone with internet access can act as a validator.

iwantmyhomepaidwithbtc2:
Please correct me if I am wrong but one node / One vote is not true today and since a long time.

People are not solo-mining BTC anymore through Bitcoin Core

I don't know what we should say now, one ASIC one vote ? One Eh/s one vote ?

BlackHatCoiner:
Quote from: pwn8 on February 20, 2023, 04:34:50 PM

Is it possible to create a cryptocurrency in which IP addresses are "staked"?.
It is technically possible, but there is no point, because it's trivial for someone to allocate multiple IP addresses at the same cost. Furthermore, it provides minimum privacy and gives too much control to the ISP hosts. They can de-anonymize every node, and perhaps even forbid someone from participating.

Quote from: iwantmyhomepaidwithbtc2 on February 20, 2023, 04:41:00 PM

People are not solo-mining BTC anymore through Bitcoin Core
That doesn't mean Bitcoin was ever one-IP-one-vote. And you can still mine from Bitcoin Core, it just pointless without the proper infrastructure.

tromp:
Quote from: BlackHatCoiner on February 20, 2023, 05:08:01 PM

Quote from: pwn8 on February 20, 2023, 04:34:50 PM

Is it possible to create a cryptocurrency in which IP addresses are "staked"?.
It is technically possible

I'm not sure it is. Blockchain histories must be fully verifiable.
How does a future verifier check that some IP address was actively involved and entitled to a reward?

BlackHatCoiner:
Quote from: tromp on February 20, 2023, 06:50:10 PM

I'm not sure it is. Blockchain histories must be fully verifiable.
Right. I don't think it's even possible...

Navigation

 Message Index