27 sats \ 0 replies \ @Majjin OP 5 Aug 2022
This seems to entirely be a consequence of Ethereum trying to scale on-chain by reducing the time between blocks.
reply
0 sats \ 0 replies \ @Majjin OP 5 Aug 2022
Here's the Thread Reader version: https://threadreaderapp.com/thread/1555445499041300481.html
reply
10 sats \ 0 replies \ @2big2fail 5 Aug 2022
and i believe this isssue in terms of timing is even worse with PoS as the time is arbitrary
"On Proof of Stake:
"because there is no universal time (and to new users, no universal history), there is no way to differentiate users who are “now” holding the currency from users who “were” holding the currency."
-Poelstra
http://diyhpl.us/~bryan/papers2/bitcoin/new-pos.001.pdf
reply
0 sats \ 1 reply \ @cryptocoin 5 Aug 2022
The link to the article on Medium:
Uncle Maker: (Time)Stamping Out The Competition in Ethereum
https://medium.com/@aviv.yaish/uncle-maker-time-stamping-out-the-competition-in-ethereum-d27c1cb62fef
And the paper:
Uncle Maker: (Time)Stamping Out The Competition in Ethereum
https://www.researchgate.net/publication/362482526_Uncle_Maker_TimeStamping_Out_The_Competition_in_Ethereum
reply
0 sats \ 0 replies \ @cryptocoin 6 Aug 2022
And there's now a post, here on SN, for the research paper:
Attack on Ethereum's consensus mechanisms: Uncle Maker (Paper)
#55152
https://www.researchgate.net/publication/362482526_Uncle_Maker_TimeStamping_Out_The_Competition_in_Ethereum
reply
0 sats \ 0 replies \ @faithandcredit 5 Aug 2022
This attacks already been happening, no real effect on end users, but also uncles will not be a thing if/when they hardfork to proof of stake but there may be more serious issues then
reply