Bitcoin Forum
October 06, 2022, 07:50:20 AM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
   Home   Help Search Login Register More  
Pages: [1]
Author Topic: Bitcoin with Redlisting  (Read 870 times)
Offline Offline

Activity: 2062
Merit: 1152

Keeper of the Private Key

View Profile
June 23, 2014, 12:34:11 PM
Last edit: June 23, 2014, 06:32:50 PM by AGD

Edit: Cryptome down, so here is another link:

Edit2: I read the paper two times, but I didn't find the part about who will actually control the redlisting.

Bitcoin is not a bubble, it's the pin!
+++ GPG Public key FFBD756C24B54962E6A772EA1C680D74DB714D40 +++
"Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Hero Member
Offline Offline

Posts: 1665042620

View Profile Personal Message (Offline)

Reply with quote  #2

Report to moderator
Full Member
Offline Offline

Activity: 121
Merit: 102

View Profile WWW
June 23, 2014, 12:55:10 PM

i'm not normally one to completely ignore a book based on its "cover", but the very first sentence of this paper gets it so wrong.

"On February 2014, $650.000.000 worth of Bitcoins disappeared."

you mean BTC 650,000 and it didn't all instantaneously disappear. this paper is _awful_. if the authors cannot even get the most basic facts straight about what happened, any conclusions contained inside must be worthless.

Offline Offline

Activity: 2646
Merit: 1104

All paid signature campaigns should be banned.

View Profile WWW
June 23, 2014, 03:56:58 PM

"Operational Distributed Regulation for Bitcoin"

by Dinesh, Erlich, Gilfoyle, Jared, Richard, Johan Pouwelse

1) Hard to believe it took this many students to write 9 pages.

2) I understand why these students wanted to remain anonymous.

3) We need to keep an eye on Johan Pouwelse as he is obviously an "up and comer" in the area of destroying the fungibility of Bitcoin and therefore Bitcoin itself.

Our family was terrorized by Homeland Security.  Read all about it here: and  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
Sr. Member
Offline Offline

Activity: 364
Merit: 250

I'm really quite sane!

View Profile
June 24, 2014, 02:09:55 AM

Nodes using the redlist would still have to comprise a sizable portion of the network. And the only incentive to run the modified software would be force of law. This may work as an incentive not mentioned: Government subsidies to pools running the modified software, with a portion given to miners. Since the majority of miners are only mining for profit, they would congregate at these pools.

They don't even have to be government subsidies. Any entity (corporation, state, coalition, etc.) could offer payment to pool owners in exchange for using their particular redlist. Don't forget that most of the hashing power belongs to people who are only mining for profit. So essentially, the largest bidder would decide what the redlist is.
Pages: [1]
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!