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by stri8ed
3053 days ago
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Adding to this, representative nodes (DPOS) do not get any rewards for being online and behaving correctly. Which is a recipe for tragedy of the commons. Worse yet, a voter can issue two conflicting votes, and the system has no mechanism let alone penalty for handling this. The defense against these attacks seems to be, reps have stake, therefor they wont take actions detrimental to coin value.. The marketing is strictly speaking false. A transaction is not instant, as you must wait for sufficient time to ensure that a conflicting transaction has not been published (and hope that you are not network partitioned). Otherwise, you might as well settle for "instant" BTC 0-conf transactions. Free, is debatable, considering the difficulty of POW that would be required to effectively deter spam. |
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