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RE: Gridcoin 4.0-2018 General Roadmap Poll - Proof of Research Blockchain
Absolutely not - it was proven massively insecure & could have caused the absolute destruction of Gridcoin back on the 1 millionth block.
Accelerating reward claims (MERR), massively increasing the max reward window (from 6 months to several years) and/or implementing the grey list (to prevent loss of unpaid rewards upon project downtime) are far more appropriate than putting network consensus at risk.
The Beacon Mint scheme safety depends on it's inputs (owed reward, magnitude) to be safe. On the other hand, the scheme contains defensive mechanisms to cope with breach in the owed/magnitude system. It will not put the block-chain to immediate risk even when the inputs are compromised. Of course, I can't call it flawless.
IMO I don't see the need for it at all, if we work towards manual reward claims, then why should insecure properties be imposed on POS? The past insecurities have taken this concept entirely off the table for myself.
That is why there is a poll.
Absolutely yes. We are not talking about going back to the old insecure system. We are talking about discussing and testing a new system which serves the same purpose as the old but without it's flaws. If it turns out that another flaw shows up then it will NOT be implemented until it is deemed secure - else it will be discarded.
Securing the blockchain through research was something that made Gridcoin unique. Pure PoS was an emergency measure to address the security flaw exploited at the millionth block. It is imperative that ways are discussed and explored to return our blockchain to its unique form.
If we implement the ability to claim your rewards at the click of a button, what's the point of attempting to secure the network with magnitude? POS is secure, POR based stake weight prove absolutely insecure & pretty much wrote the concept entirely off the table for me.