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General Discussion / Re: drltc's Trustee Technical Discussion Thread
« on: March 31, 2014, 04:35:04 pm »Have N metronodes that take turns in a deterministic manner. Have block timestamps be deterministic.
Now all attacks must involve collusion.
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Just trying to catch up on this development. I get that if you had 100 or so metronodes scattered around the world then this would still be safe, but am i understanding you correctly that you expect these people to have powerful servers ready and waiting to verify a block when its there turn? And not get paid for doing that?
How about if only the top 1000 nodes by balance were allowed to verify blocks and in order for a block to be verified you would have to have agreement from a randomly chosen second node. That way you have the proof of stake and mining. It would also be difficult and expensive for an attacker to have both of the randomly picked nodes.
these 1000 or 10000 or whatever number would be paid for verifying the block. They would not want to join a pool as it would mean handing over all of their coins to the pool. Like you said bitcoin is paying a fortune for security. Like this we could pay less, still be secure and there are more interesting ways to make money from bitshares than just speculation and mining.
Forgive me if this has already been suggested i have limited time to try and keep up to date on all the projects i see a future for.
" because if we set the interest rate to 0% then the BitAsset would literally be like holding cash and would then be discounted relative to BankUSD which paid interest. 
