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Author Topic: [INFO - DISCUSSION] Eclipse Attack  (Read 380 times)
NotATether
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October 10, 2023, 10:21:24 AM
 #21

1. I can't give exact definition of centralised and decentralised.
2. Number of malicious node and whether other node collude or not mostly doesn't matter since full node supposed to verify everything.
3. Even miner can perform certain attack which doesn't violate Bitcoin rule, such as selfish mining and intentionally exclude certain transaction.
1. If you can't give a definition how do you know that btc isn't centralised ? This reminds me the documentary "what is a woman" https://twitter.com/Gidi_Traffic/status/1697747679659360322
2. In an environment where the majority of nodes are mallicious , -i think- you will verify a false ledger .
3. If that is valid , why don't we see selfish miners and other attacks happening everyday ? No one leaves more profitability on the table , especially in that sector . Maybe there are other reasons that make pools stay honest ?

1. That's because creating criteria and measuring decentralization isn't easy. Although i could just point to definition on dictionary such as these,

Adjective
decentralized
    not centralized; having no center or several centers

Isn't it quite easy to define centralized and decentralized in technical terms?

Centralized - there is a central server that serves all of the nodes and computers who request data from it
Decentralized - each node and computer functions as its own server, and many other computers connect to each other to request for data as they would from a server.

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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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October 10, 2023, 10:53:13 AM
 #22

1. I can't give exact definition of centralised and decentralised.
2. Number of malicious node and whether other node collude or not mostly doesn't matter since full node supposed to verify everything.
3. Even miner can perform certain attack which doesn't violate Bitcoin rule, such as selfish mining and intentionally exclude certain transaction.
1. If you can't give a definition how do you know that btc isn't centralised ? This reminds me the documentary "what is a woman" https://twitter.com/Gidi_Traffic/status/1697747679659360322
2. In an environment where the majority of nodes are mallicious , -i think- you will verify a false ledger .
3. If that is valid , why don't we see selfish miners and other attacks happening everyday ? No one leaves more profitability on the table , especially in that sector . Maybe there are other reasons that make pools stay honest ?

1. That's because creating criteria and measuring decentralization isn't easy. Although i could just point to definition on dictionary such as these,

Adjective
decentralized
    not centralized; having no center or several centers

Isn't it quite easy to define centralized and decentralized in technical terms?

Centralized - there is a central server that serves all of the nodes and computers who request data from it
Decentralized - each node and computer functions as its own server, and many other computers connect to each other to request for data as they would from a server.
Technically speaking, Bitcoin was centralized when it ran on only one computer (Satoshi's node/miner).

As soon as someone made a second node/miner it became decentralized.

Of course there are also other criteria.

For example, BSV has a mechanism to steal coins from "criminals" with a court order.

Does that make it decentralized (despite having many BSV nodes)? Not really.

ps: HmmMAA is a huge CSW/BSV fanboy. Wink

He doesn't even mind Calvin Ayre's pedo shenanigans... go figure!  Roll Eyes
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October 10, 2023, 11:07:48 AM
Merited by Dump3er (2)
 #23

Isn't it quite easy to define centralized and decentralized in technical terms?
I mean, according to these definitions every cryptocurrency is decentralized, so no. It is easy to spot that Ethereum is operated by a few developers which can pretty much do everything-- from censoring transactions, to messing with the money supply.

Centralization is quite of a spectrum. Bitcoin isn't 100% decentralized, in the sense that every node is equally contributory to the network. There are a few pools which produce the majority of Proof-of-Work, and even if you don't argue that pools have the power, there are large farms which make a hell more than regular miners.

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