On 2020-11-19 08:36, Steven Schear wrote:
I contributed to a 2013 paper that attempted to address some of BTC's then known shortcomings, including the blockchain length but the our suggestions got no attention by the core developers.
Could you give us a link to that paper. Now we face different, and perhaps more serious problems, that have ensued as a result of scaling problems, miner concentration, and blockchain analysis. To scale, a cryptocurrency needs a lightning layer, but something smells mighty funny about bitcoin's current lightning layer, and I cannot find in the documents lucid information as to how it deals with byzantine failure, such as playing out of date gateway transactions, or failure of a set gateway transactions to add up to a full circle transaction on the lightning layer. Looks to me that security on the supposed lightning layer comes not from acid protocols, but from some semi hidden central administration.