The ratio of honest miners that mine the first block they see is > 0.5 Your proposed solution would reduce that ratio to 0.5 In other words your proposed change would make the attack you describe easier not harder. On 11/05/2013 09:26 AM, Ittay wrote: > That sounds like selfish mining, and the magic number is 25%. That's > the minimal pool size. > Today the threshold is 0% with good connectivity. > > If I misunderstood your point, please elaborate. > > Ittay > > > > On Tue, Nov 5, 2013 at 12:05 PM, Peter Todd > wrote: > > On Tue, Nov 05, 2013 at 11:56:53AM -0500, Ittay wrote: > > Hello, > > > > Please see below our BIP for raising the selfish mining threshold. > > Looking forward to your comments. > > > > > 2. No new vulnerabilities introduced: > > Currently the choice among equal-length chains is done arbitrarily, > > depending on network topology. This arbitrariness is a source of > > vulnerability. We replace it with explicit randomness, which is > at the > > control of the protocol. The change does not introduce > executions that were > > not possible with the old protocol. > > Credit goes to Gregory Maxwell for pointing this out, but the random > choice solution does in fact introduce a vulnerability in that it > creates incentives for pools over a certain size to withhold blocks > rather than immediately broadcasting all blocks found. > > The problem is that when the pool eventually choses to reveal the > block > they mined, 50% of the hashing power switches, thus splitting the > network. Like the original attack this can be to their benefit. For > pools over a certain size this strategy is profitable even without > investing in a low-latency network; Maxwell or someone else can > chime in > with the details for deriving that threshold. > > I won't get a chance to for a few hours, but someone should do the > analysis on a deterministic switching scheme. > > -- > 'peter'[:-1]@petertodd.org > 0000000000000005e25ca9b9fe62bdd6e8a2b4527ad61753dd2113c268bec707 > > > > > ------------------------------------------------------------------------------ > November Webinars for C, C++, Fortran Developers > Accelerate application performance with scalable programming models. Explore > techniques for threading, error checking, porting, and tuning. Get the most > from the latest Intel processors and coprocessors. See abstracts and register > http://pubads.g.doubleclick.net/gampad/clk?id=60136231&iu=/4140/ostg.clktrk > > > _______________________________________________ > Bitcoin-development mailing list > Bitcoin-development@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development