On Wed, Apr 23, 2014 at 2:43 PM, Christophe Biocca <
christophe.bio...@gmail.com> wrote:
> 1. This provides a very strong incentive to always vote for
> reallocating a block if it isn't yours
If everyone votes to reallocate everyone elses blocks all the time, then
you'd end up losing your own coins too, so this doesn't seem like a
workable strategy.
> a) Requiring supermajorities
> c) Burning, rather than reallocating, the coins. Miners' immediate
> incentive to attack honest pools is much reduced.
>
I'm OK with burning actually. The total amount of coins in the system
essentially defines its maximum price resolution. Ideally we'd not lose
resolution, but it's less important than having a system that does actually
work. Moreover, this sort of system is like double spending defence itself
- if it does work, it doesn't need to actually be done very frequently
because people know the safeguards work and don't try. So in practice total
loss of resolution should be limited.
> 2. BitUndo gets paid using additional txouts in the double-spend
> transaction, no by miner's fees.
Right. It's indeed an assumption that block rewards matter to miners, even
the ones that have double spend revenues.
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