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Peter Todd
@peterktodd
@opentimestamps founder pgp: 37EC7D7B0A217CDB4B4E007E7FAB114267E4FA04 25JUPL6ksapY1iCLWkFcSaXaA6Ar3W7JDCdPjeSApump 🇺🇦🇮🇱🇹🇼
가입 May 2013
1.2K 팔로잉 중    206.3K
tl;dr: @lukedashjr decided to use a testnet4 block hash as the random beacon to pick BIP-110-chain's new PoW function. An absolutely batshit decision. It's clearly possible to manipulate that by just mining blocks with the right hash. Mining a testnet4 block has a trivial cost. So mining one with a specific last byte in the block hash – thus forcing a particular PoW choice – also has a trivial cost. When Zcash did something similar for a trusted setup, they picked a Bitcoin block in the future, and they specified that the block hash would in turn be re-hashed 2⁴² times¹ to ensure that absolutely no-one could possibly pick the value in advance (that's a 2-3 weeks of sequential computation). There's two possibilities here: 1) Luke is incompetent. 2) Luke is malicious, and is trying to pick a specific PoW. The possibilities are not exclusive. 1)
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