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Author Topic: Is a more efficient coin possible (Ben Laurie)?  (Read 2382 times)
Etlase2
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March 01, 2012, 11:41:02 AM
 #21

The arimaa proposal is interesting and similar to something I posted recently: https://bitcointalk.org/index.php?topic=64637.0

This newest design is light years simpler than encoin, so it is a near-future possibility. It hinges on whether or not the "block chain heuristics" part works. But if suitable, it would require much less energy to maintain than Bitcoin.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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March 01, 2012, 01:36:51 PM
 #22

From the arimaa whitepaper:
Quote
Although there can be multiple registrars to choose from an individual
or organization can maintain only one effective account with only one registrar.
Right-- good luck with that! Any system that relies on Wise, Efficient and Effective Bureaucracies to decide hard questions like "are these 400 accounts really one scammer trying to get more than their fair share" are doomed to fail if they ever get large enough to attract the attention of scammers.

If you have a really good automated way of telling the scammers from real people that doesn't require them sending in a DNA sample or body part, please let me know. I could use a good solution for the Bitcoin Faucet.

How often do you get the chance to work on a potentially world-changing project?
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