one ip one vote

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thecodebear:
ip based voting on blockchain would give control to the internet providers, plus allow every "miner" to be tracked through their IPs. Plus creating IP addresses is not a hard task the way PoW computation effort is.

For validating transactions you either need something self-contained within the system so it is therefore controlled by the system itself - this is how Proof of Stake works, or you need something that requires an external scarce resource in its raw form without any need to trust that resource.

Computational work is an external scarce resource. There is also some crypto that uses hard disk space which is another external scarce resource though I guess that sort of mining quickly destroys hard drives so that idea failed. IPs are not a scarce resource so that doesn't work. Identity is a scarce resource but would require trust to verify the identity and the whole point of Bitcoin is that it is trustless. People have at times suggested all that mining computation work should go TOWARD something to make it "useful" but that requires a trusted body to decide what the work goes toward so that doesn't work. The reason nobody has come up with something better than PoW is because it is hard to figure out something that would be better and still accomplish the same thing. You need a raw scarce external resource that itself requires no verification/trust and can't be spoofed, and of course it needs to be able to be directly input in a digital fashion.

PrimeNumber7:
Quote from: pwn8 on February 20, 2023, 04:34:50 PM

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.

It is trivial for someone to access an arbitrary number of IP addresses. It is also normal for many legitimate users of various services to access a changing IP address.

BlackHatCoiner:
Quote from: pooya87 on February 22, 2023, 04:24:49 AM

Reachable IP addresses don't help the network (like Tor), running a "node" does.
Truth be told, running a node just for the sake of the network provides minimum help. Bitcoin isn't a newborn peer-to-peer network anymore. There are dozens of thousands of full nodes that archive the chain, and do help bandwidth-wise. In both clearnet and anonymous network(s), there are just enough to keep things decentralized in case of some shortage.

Quote from: PrimeNumber7 on April 01, 2023, 03:14:17 PM

It is trivial for someone to access an arbitrary number of IP addresses.
It's also trivial to just buy lots.

DaveF:
Quote from: BlackHatCoiner on April 02, 2023, 09:40:57 AM

It's also trivial to just buy lots.

Getting more expensive with the IP v4 exhaustion but yes. But yes.
Also keep in mind at least the last time I checked the largest holder of IP space is still the US government (DoD).
You also have mega corps like Apple and Ford with /8 subnets getting them 16,777,216 IPs in the IP4 space more IP6 then you can even think about.

And in the end, basing it on something like this sill makes it PoS just what you are staking is different.

-Dave

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