Significant losses by double-spending unconfirmed transactions



Summary:

In an email exchange between Peter Todd and Matthieu, the concept of Sybil attacks in peer-to-peer networks is discussed. Peter Todd explains how a Sybil attack can occur, but Matthieu argues that their identities are not pseudonymous. The discussion then shifts to resource use and changing default configurations to offer more connections. Peter Todd warns about achieving this through incoming connections as it places a significant part of the relay network under central control. He references Chainalysis's unintentional configuration screwup which caused widespread issues due to the large number of nodes that failed simultaneously. Peter Todd accuses Matthieu of actions that are inherently incompatible with decentralization, but Matthieu counters that no one should act as a gatekeeper for decentralization. Finally, Peter Todd asks if they have relationships with mining pools, to which Matthieu denies having any contracts in place.


Updated on: 2023-06-10T02:46:17.671325+00:00