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Author Topic: Bitcoin with Redlisting  (Read 878 times)
AGD (OP)
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June 23, 2014, 12:34:11 PM
Last edit: June 23, 2014, 06:32:50 PM by AGD
 #1

http://cryptome.org/2014/06/bitcoin-crypto-justice.pdf

Edit: Cryptome down, so here is another link: http://arxiv-web3.library.cornell.edu/pdf/1406.5440v1

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!
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June 23, 2014, 12:55:10 PM
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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.

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June 23, 2014, 03:56:58 PM
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"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:  http://www.jmwagner.com/ and http://www.burtw.com/  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!
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June 24, 2014, 02:09:55 AM
 #4

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.
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