Quote from: monsterer on December 21, 2015, 09:17:08 am

51% is a gross overestimate. Try a 13% attack; that's what bitshares is currently vulnerable to.

DPOS was designed without the realisation of  what voter apathy would actually mean for the security of the chain. Instead of being the most decentralised currency, it is currently the least decentralised with one account controlling 100% of the chain.

As unpopular as the penalty fee was, perhaps only the removal of dilution & re-introduction of the 5% inactivity penalty fee for not voting at with BTS balances will improve it. (Ideally with FBA's the majority of that fee can be used for voter rewards.)

Quote from: monsterer on December 21, 2015, 09:17:08 am

51% is a gross overestimate. Try a 13% attack; that's what bitshares is currently vulnerable to.

DPOS was designed without the realisation of  what voter apathy would actually mean for the security of the chain. Instead of being the most decentralised currency, it is currently the least decentralised with one account controlling 100% of the chain.

Time to throw the referral system back to the flames of hell from which it came and implement a collateral bid system where the client automatically votes for the top 101 accounts that put up the most collateral denominated in BTS?

transfer metaexchangebtc usd-collateral-holder-453 10 BTS "test" true
transfer metaexchangebtc usd-collateral-holder-453 10 BTS "test" true
10 assert_exception: Assert Exception
my->_key != empty_pub:
    {}
    th_a  elliptic_secp256k1.cpp:118 serialize

    {"from":"metaexchangebtc","to":"usd-collateral-holder-453","amount":"10","asset_symbol":"BTS","memo":"test","broadcast":true}
    th_a  wallet.cpp:2002 transfer