Re: [bitcoin-dev] Bitcoin-NG whitepaper.

From: Bob McElrath <bob_bitcoin@mcelrath•org>
To: "Emin Gün Sirer" <el33th4x0r@gmail•com>
Cc: bitcoin-dev@lists•linuxfoundation.org,
	Ittay Eyal <ittay.eyal@cornell•edu>
Subject: Re: [bitcoin-dev] Bitcoin-NG whitepaper.
Date: Wed, 14 Oct 2015 20:52:35 +0000	[thread overview]
Message-ID: <20151014205235.GD23875@mcelrath.org> (raw)
In-Reply-To: <CAPkFh0viwmkUvjo4Qj50TNnkA5kG3z-3dLGExjkmDacE4E49Ow@mail.gmail.com>

So it seems to me that all I need to do is figure out who the current leader is,
and DDoS him off the network to shut Bitcoin-NG down.

This is a significant advantage to bitcoin's ex-post-facto blocks: no one knows
where the next one will come from.  The only way to shut the network down is to
shut all nodes down.

Emin Gün Sirer via bitcoin-dev [bitcoin-dev@lists•linuxfoundation.org] wrote:
> Hi everyone,
> 
> We just released the whitepaper describing Bitcoin-NG, a new technique for
> addressing some of the scalability challenges faced by Bitcoin. Surprisingly,
> Bitcoin-NG can simultaneously increase throughput while reducing latency, and
> do so without impacting Bitcoin's open architecture or changing its trust
> model. This post illustrates the core technique:
>      http://hackingdistributed.com/2015/10/14/bitcoin-ng/
> while the whitepaper has all the nitty gritty details:
>      http://arxiv.org/abs/1510.02037
> 
> Fitting NG on top of the current Bitcoin blockchain is future work that we
> think is quite possible. NG is compatible with both Bitcoin as is, as well as
> Blockstream-like sidechains, and we currently are not planning to compete
> commercially with either technology -- we see NG as being complementary to both
> efforts. This is pure science, published and shared with the community to
> advance the state of blockchains and to help them reach throughputs and
> latencies required of cutting edge fintech applications. Perhaps it can be
> adopted, or perhaps it can provide the spark of inspiration for someone else to
> come up with even better solutions.
> 
> We would be delighted to hear your feedback. 
> - Ittay Eyal and E. Gün Sirer.
> 
> !DSPAM:561e98cd301391127216946!

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--
Cheers, Bob McElrath

"For every complex problem, there is a solution that is simple, neat, and wrong."
    -- H. L. Mencken 