Date: Wed, 24 Aug 2016 19:22:11 +0000
From: Peter Todd <pete@petertodd.org>
To: Matthew Roberts <matthew@roberts.pm>
Message-ID: <20160824192211.GB24668@fedora-21-dvm>
References: <20160824014634.GA19905@fedora-21-dvm>
	<CAAEDBiEkGtj0HSBVgM1KGfsoLmpwK7QxGCTQE1z7FaCPtG2V6g@mail.gmail.com>
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Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Capital Efficient Honeypots w/ "Scorched Earth"
 Doublespending Protection
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On Thu, Aug 25, 2016 at 01:37:34AM +1000, Matthew Roberts wrote:
> Really nice idea. So its like a smart contract that incentivizes
> publication that a server has been hacked? I also really like how the
> funding has been handled -- with all the coins stored in the same address
> and then each server associated with a unique signature. That way, you
> don't have to split up all the coins among every server and reduce the
> incentive for an attacker yet you can still identify which server was
> hacked.
>=20
> It would be nice if after the attacker broke into the server that they we=
re
> also incentivized to act on the information as soon as possible (revealing
> early on when the server was compromised.) I suppose you could split up t=
he
> coins into different outputs that could optimally be redeemed by the owner
> at different points in the future -- so they're incentivzed to act lest

Remember that it's _always_ possible for the owner to redeem the coins at a=
ny
time, and there's no way to prevent that.

The incentive for the intruder to collect the honeypot in a timely manner is
simple: once they've broken in, the moment the honeypot owner learns about =
the
compromise they have every reason to attempt to recover the funds, so the
intruder needs to act as fast as possible to maximize their chances of being
rewarded.

--=20
https://petertodd.org 'peter'[:-1]@petertodd.org

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