Also the node security will never work based on anonymity

Question

Also the node security will never work based on anonymity

and moving shuffling nodes from shard to shard to make network secure. Moving things around to add security will remove it in fact.

How the recent train trip of three European leaders to the middle of conflict was secured. Not by hiding it. General said, they only way to secure it was to make it public and inform the all parties involved, also broadcast the information in advance to every news outlets in Europe possible, and ahead of trip. So average person at least in region was aware of the trip- and top officials of three countries were secured that way. It would never be secured if train left with no information what trip is about and what the train carry.

The same with nodes, if enterprises are known and if they have financial resources including legal you have nodes security. If you lift a finger on such node in order to DDOS it- you will be chased not by just one laywer but multiple with resources and such attacker will be bankrupt and put in jail. Attacking the business or network is agains the law, hence miners are not attacked.

Miners don't ask question what is minimal node requirement?. They don't care about 1G link Internet connection, they put 100G link to have fraction of advantage, hence the network is super fast too. If one ask such question, should never ever even consider running node in future.

#cryptocurrency #english #hbar

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01.04.2022

5 ответов

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Michal Автор вопроса

Crypto Consciousness
I tend to agree that a challenge for Hedera is to ...

That's the thing, Hedera solved Akerlof problem by running council nodes. Once permission less community nodes comes- Akerlof problem remains unsolved, million of community nodes will not solve it. Of course they will have incentive to run in 24/7 to earn node reward, but neither if they get knocked off network from time to time will be a problem for them. Definitely not from business perspective as they will not be corporations, especially if most will have some failure from time to time. As user you would have to eventually stake to node anyway, regardless how bad it will be if all have some issues. If they will be able to keep up and improve the infrastructure, is another thing when there are limits per node, you would have to chose other one if you like it or not.

0

01.04.2022

Crypto Consciousness

Michal
That's the thing, Hedera solved Akerlof problem by...

Yes I've never seen how Hedera would move to permissionless community nodes. I think the idea is that proxy staking will be the competitive target. Nodes will compete for proxy stake....so the set of incentives will have to be competitively gauged so that nodes profit in significant ways by operating honestly and efficiently and proxy stakers are rewarded for staking with high performing nodes

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01.04.2022

Michal Автор вопроса

Crypto Consciousness
Yes I've never seen how Hedera would move to permi...

I think what Peter Schiff said once. Since the governments warrants the people savings in banks, people no longer care and do due diligence when choosing bank for storing life savings, to make sure they find good bank with no bad investments. In fact he said people do more research buying microwave for $100 as when the warranty ends and microwave brakes, the end up with broken microwave. There is no slashing so peoples incentive to research node to find good node may be below microwave level as they will get paid anyway, but we will see. I am sure the permissioned nodes will be run by professionals who know what they doing, I have no worry about that.

0

01.04.2022

Crypto Consciousness

Michal
I think what Peter Schiff said once. Since the gov...

The Schiff point is relevant here

0

01.04.2022

Crypto Consciousness · Accepted Answer

I tend to agree that a challenge for Hedera is to think in the excessive and conspiratorial terms of the cryptocurrency space, as that does contribute to Bitcoin's non-failure thus far. Hedera leadership are decent honest people who may not imagine how the platform will be abused...So the core question is what will motivate nodes to operate with redundant capacity to avoid any chance of failure. Can they operate competitively chasing transaction fees?....right now they basically operate as trusted implementations overseen by large corporations and universities who would be embarrassed to fail.

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Also the node security will never work based on anonymity

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