[bitcoin-dev] Significant losses by double-spending unconfirmed transactions

[Me]

Have you talk to them? If not, how can you be sure they don’t run large number of standard nodes and actually make the network stronger? Personally I never bring claims like this if I just assume. A lot of people in the community really trust you, do you realize you potentially hurt them for no reason?


btw I do not work for them nor have any money invested in them in case anybody asks





> On Jul 15, 2015, at 8:59 AM, Peter Todd <pete at petertodd.org> wrote:
> 
> On Wed, Jul 15, 2015 at 08:49:13AM -0700, Me wrote:
>>> Blockcypher's "confidence factor" model(1)
>>> under the hood - yet another one of those sybil attacking network
>>> monitoring things
>> 
>> 
>> Peter, I noticed on your twitter you have a lot of bad things to say about Blockcypher and their business model (which I might not full agree, but totally respect), can you share any evidence they perform any form of Sybil attack on the network, please. 
> 
> For Blockcypher to succesfully do what they claim to do they need to
> connect to a large % of nodes on the network; that right there is a
> sybil attack. It's an approach that uses up connection slots for the
> entire network and isn't scalable; if more than a few services were
> doing that the Bitcoin network would become significantly less reliable,
> at some point collapsing entirely.
> 
> -- 
> 'peter'[:-1]@petertodd.org
> 0000000000000000093f699ccdb323aa638af1131249ec2e1bacbf367163807a