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by itistoday2
4564 days ago
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> (1) I'm not sure that his suggested tactic of judging by the latest timestamp would actually work well for established pools. I suspect that some pools are less eager to update their xaction sets, and therefore might lose to selfish miners I don't see a reason as to why they would object, care to offer one? Plus, since you point out a threat that I think needs to be addressed (thanks btw!), this can be mandated in an updated protocol if the Bitcoin (or Namecoin) devs feel similarly. > (2) even if these operational measures worked perfectly, they would succeed in lowering gamma. But even with gamma at 0, selfish mining is still a win for groups of size 33% and above. Here I think you misunderstand. The implications of my comment were not simply that gamma is reduced to zero, but that the whole problem is thrown out the window because the entire pool would be banned from the network (blacklisted). Their selfish blocks would no longer be accepted by the network, and the implications could be even stronger than that (transactions, connections, etc. could also be rejected). |
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Ah, but even if detection worked perfectly (and did have a false positive rate of 0), who precisely do you blacklist? The Bitcoin wallet? It's trivial to generate more. The IP address? Which precise IP address? Even if you could locate the IP address of the submitting node accurately, a pool has many, and it's possible to get more.