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RE: Hello, world.

in #blockchaindev5 years ago

The conundrum with Tron is mainly due to the ninjamined stake, it's origin, the discussions around it and the promises made about it.

Without such a big stake, there would be no problem.

@theoretical is analyzing and thinking about ideas to improve the system, with the experience and knowledge we have now. But for your specific question about the Tron conundrum, no design change is needed. Don't have to code around a non-existant problem.

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I am not completely sure that is the case. If you have two networks, one worth much less than the other, then the network worth more may have incentive to subsume the other network. I think this is what's happening now. And the same thing could happen to any network, even bitcoin, if a large enough actor wanted to subsume it.

The escape from that seems to be to fork and start fresh, on a new chain without that malicious actor. That may be feasible for very well-established networks, and not so feasible for not-so-established networks.

In short, this attack vector doesn't seem well enough explored. It was usually assumed that an entity buying into a network would have the network's best interests, but this may not be the case if the entity's larger vested interests are in another, more powerful network (like another blockchain, or a corporation, or a government).

If Justin bought 70M normal Steem (instead of that ninja-mine), there would not be any problem.

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