Unbiased Report Exposes The Unanswered Questions on Bitcoin

DWQA Questionsหมวดหมู่: กลุ่มบริหารงานวิชาการUnbiased Report Exposes The Unanswered Questions on Bitcoin
Marvin Vosburg asked 2 สัปดาห์ ago

In terms of funds security, Binance has done a great job so Read Far more. Use as collateral: Another emerging idea in terms of investing in bitcoin is that it can be used as a way to digitally collateralize other non-digital assets, such as real estate or traditional stocks and commodities. This way, we can let this run on the network for a while, evaluate how it works in real life, and once it’s in implementation, that way we can also start doing some research on regtest where we simulate networks where attackers are trying different kinds of behaviors and see how the local reputation algorithms work with those type of attacks. Bastien Teinturier: It’s really hard to tell, honestly, because both directions can make sense in some scenarios. Bastien Teinturier: Yeah, and even if it was only 50% more or even 20% more, that could be considered jamming as well. Mike Schmidt: Does it feel like this is moving towards experimenting and figuring out one solution, and that all implementations and node-runners and going to use that solution, even if it’s a combination of techniques; or is this more something that different implementations may have different combinations of keys and different algorithms for reputation, and maybe even users would be able to configure that; which direction do you see that going?
Though through this registration process, the Japanese Government aims at drawing a line between “safe(approved)” and “unsafe(unapproved)” territories for consumers, this may account for a lack of innovation. Transactions follow a specific process, depending on the blockchain they are taking place on. Notwithstanding what Bitcoin price charts can truly be considered important for traders as with them they are able to make informed decision and know where the price are heading to. But what’s interesting is that once we start having ideas, concrete ideas on how to do that local reputation, we can actually deploy it on our node in a shadow mode, where you will still relay all the HTLCs, but you will keep track of the reputation, and you will record the decision you would have made if we would have activated that code. Traders can even create their strategies without even having much knowledge about coding. So for fast jamming, paying upfront fees all the time, whenever you send an HTLC, even if it’s going to fail, you pay a small fee, a fixed upfront fee. So it’s like 100% of liquidity required, then 200%, then 300%. Whereas boomerang and spear allow you to do essentially fractions above a 100%, is that right?
This is how it was called in 2019 or 2020 when it was first proposed, and this is something we could do easily with onion messages and PTLCs, but it’s less efficient than boomerang or spear. It’s really hard to find a good reputation algorithm that would seem to work. So, the downside of this approach is that this sort of scheme is open to a long-term attack, where people just build up a reputation and then, at some point, attack and take a lot of resources and jam. So, they basically allow heavy users, sort of regular customers, access to more resources, and that will basically ensure that the peers that your node always interacts with and continues to have a good relationship with, continue to be able to send, even if a new user that hasn’t established themselves starts taking a lot of resources. Mark Erhardt: Yeah, with the simple variant where you do two or three times more, wouldn’t that be sort of a jamming vector? Mark Erhardt: It also is really nice about – one thing that I really want to point out.
Mark Erhardt: So basically, all of these would decouple the establishing of the multi-hop contract with the execution of the multi-hop contract. So, in the regular multi-hop payment as we use it today, the last hop getting established of the contract also transfers the secret to the recipient so that they can start to pull in the payment, which makes it cascade back to the sender. But with these both redundant overpayments and also with the stepless payment, basically we first establish the contract and once we get a response from the recipient that they have received sufficient parts of the contract, we would only then exchange the secret; and once they have the secret, we can exchange the secret in a form in which they are only allowed to pull in enough payments. And also another issue with redundant overpayment is that you are actually, for the duration of your payment, using more liquidity of the network than what is required.