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Show HN: My experimental take on a decentralized ledger

48 pointsby buhrmiover 9 years ago

9 comments

repomies691over 9 years ago
Needs a brief documentation "how it works" or something... I really don't understand the concept, I'm very familiar with bitcoin and somewhat familiar with ripple/stellar. How is the ledger maintained? How do we form the consensus on the valid ledger? What are the incentives for running nodes? etc.
ianpurtonover 9 years ago
How would this prevent a flood attack ? What I mean is in Bitcoin and presumably Stellar, you need coins to create transactions. There is therefore a cost to spamming the system.
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devitover 9 years ago
It&#x27;s interesting that it says that &quot;Warning: Requires Postgres 9.5. You WILL lose sync if you run against an earlier version. YOU HAVE BEEN WARNED.&quot;<p>Which PostgreSQL features new in 9.5 are being used that cause that? Or are earlier versions somehow buggy?
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joeyspnover 9 years ago
&gt; Transactions are FREE (the fee is always zero)<p>How would you deal with DDoS attacks? Taking down a ledger like this could be easy...
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kushtiover 9 years ago
How is it protected from Sybil attacks on consensus algo? The algo description is definitely needed.
jgeertsover 9 years ago
Is there any interesting lecture that got you this far or did you study source code?
BinaryResultover 9 years ago
Check out <a href="https:&#x2F;&#x2F;morph.is&#x2F;v0.8&#x2F;" rel="nofollow">https:&#x2F;&#x2F;morph.is&#x2F;v0.8&#x2F;</a> if you haven&#x27;t seen it, decentralized encrypted file storage and email, exciting stuff.
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col_radover 9 years ago
Cool. I really liked the idea of Stellar, but I just cant get over the premined coin distribution. Nice to have a truly decentralized alternative!
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zamalekover 9 years ago
Basically, `Bitcoin - Politics`. A nice idea.
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