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References: <bea8122aea550f1141170829aac252af@riseup.net>
In-Reply-To: <bea8122aea550f1141170829aac252af@riseup.net>
From: Erik Aronesty <erik@q32.com>
Date: Fri, 18 Jun 2021 09:37:54 -0400
Message-ID: <CAJowKg+aeWARPDtOrFdwRi2qUuUhSwX-=U3=PY8OUSLgVZzLQA@mail.gmail.com>
To: raymo@riseup.net, 
 Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Content-Type: multipart/alternative; boundary="000000000000f8740905c50a6e56"
Subject: Re: [bitcoin-dev] Boost Bitcoin circulation,
 Million Transactions Per Second with stronger privacy
Precedence: list

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It is vulnerable to sybil attacks or where the recipient is a victim of a
proxy attack.  If the recipient is not connected to a valid Network, then
double spends could be allowed.

 as long as this protocol is intended for use of transactions around a
dollar or so I don't see that being a financially lucrative attack.

However consider a large department store.  If I put a "fence" around that
store and control all of its outbound peer connections, I can then allow
double spends for the duration of my visit at the store.

In order to defend against this large retailers would have to use
distributed / trusted nodes and certificates.


On Thu, Jun 17, 2021, 4:14 PM raymo via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> Hi,
> I have a proposal for improve Bitcoin TPS and privacy, here is the post.
>
> https://raymo-49157.medium.com/time-to-boost-bitcoin-circulation-million-transactions-per-second-and-privacy-1eef8568d180
> https://bitcointalk.org/index.php?topic=5344020.0
> Can you please read it and share your idea about it.
>
> Cheers
> Raymo
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>

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<div dir=3D"auto">It is vulnerable to sybil attacks or where the recipient =
is a victim of a proxy attack.=C2=A0 If the recipient is not connected to a=
 valid Network, then double spends could be allowed.<div dir=3D"auto"><br><=
/div><div dir=3D"auto">=C2=A0as long as this protocol is intended for use o=
f transactions around a dollar or so I don&#39;t see that being a financial=
ly lucrative attack.<br></div><div dir=3D"auto"><br></div><div dir=3D"auto"=
>However consider a large department store.=C2=A0 If I put a &quot;fence&qu=
ot; around that store and control all of its outbound peer connections, I c=
an then allow double spends for the duration of my visit at the store.</div=
><div dir=3D"auto"><br></div><div dir=3D"auto">In order to defend against t=
his large retailers would have to use distributed / trusted nodes and certi=
ficates.</div><div dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div =
dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div dir=3D"auto"><br></=
div><div dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div dir=3D"aut=
o"><br><div dir=3D"auto"><br></div><div dir=3D"auto"><br></div></div></div>=
<br><div class=3D"gmail_quote"><div dir=3D"ltr" class=3D"gmail_attr">On Thu=
, Jun 17, 2021, 4:14 PM raymo via bitcoin-dev &lt;<a href=3D"mailto:bitcoin=
-dev@lists.linuxfoundation.org">bitcoin-dev@lists.linuxfoundation.org</a>&g=
t; wrote:<br></div><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 =
.8ex;border-left:1px #ccc solid;padding-left:1ex">Hi,<br>
I have a proposal for improve Bitcoin TPS and privacy, here is the post.<br=
>
<a href=3D"https://raymo-49157.medium.com/time-to-boost-bitcoin-circulation=
-million-transactions-per-second-and-privacy-1eef8568d180" rel=3D"noreferre=
r noreferrer" target=3D"_blank">https://raymo-49157.medium.com/time-to-boos=
t-bitcoin-circulation-million-transactions-per-second-and-privacy-1eef8568d=
180</a><br>
<a href=3D"https://bitcointalk.org/index.php?topic=3D5344020.0" rel=3D"nore=
ferrer noreferrer" target=3D"_blank">https://bitcointalk.org/index.php?topi=
c=3D5344020.0</a><br>
Can you please read it and share your idea about it.<br>
<br>
Cheers<br>
Raymo<br>
_______________________________________________<br>
bitcoin-dev mailing list<br>
<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank" =
rel=3D"noreferrer">bitcoin-dev@lists.linuxfoundation.org</a><br>
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
rel=3D"noreferrer noreferrer" target=3D"_blank">https://lists.linuxfoundati=
on.org/mailman/listinfo/bitcoin-dev</a><br>
</blockquote></div>

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