Why you can't buy the bounty...

Discussion of the 1,000 Timekoin bounty competition.
d5000
Posts: 30
Joined: Sun Dec 15, 2013 6:11 pm

Re: Why you can't buy the bounty...

Post by d5000 »

And if you run 300 instances with TK at one SEO hosting account? Is that counting as a "weakness"?

Or even better: One instance with a tweaked database that simulates to be 300, running on SEO hosting with 300 IPs?
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KnightMB
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Posts: 1019
Joined: Thu Feb 23, 2012 5:03 pm

Re: Why you can't buy the bounty...

Post by KnightMB »

d5000 wrote:And if you run 300 instances with TK at one SEO hosting account? Is that counting as a "weakness"?

Or even better: One instance with a tweaked database that simulates to be 300, running on SEO hosting with 300 IPs?
You would have further explain how the first one works. 300 instances at one IP address would not work anyway. But if you can make it work, that would be bug/expoit material. 300 instances where you have 300 legitimate servers at 300 legitimate IP address would not count because they are all legitimate to begin with, no hacking or exploit was needed.

The second example, one shared database with 300 running servers using it would not work because there would be too much conflict with reading and writing database info. It would have multiple copies of transaction records that make the hash values wrong, etc.

Now, the second example where instead of trying to run legitimate servers, you run hacked servers that are suppose to exploit or hack the Timekoin network, that would be a good example of claiming the bounty.

There is often a lot of complaining online (not just here, but all over the Internet that I have read) about the bounty being too difficult or impossible to achieve. But, one only need do a google search to see a past bug in bitcoin where a hacker awarded himself billions of bitcoins. Because of the way the blockchain was designed with bitcoin, they had to create a new version to just bypass the hack because it could not be fixed in the blockchain due to this bug. I helped Satoshi Nakamoto with this because at the time I was keeping snapshots of the blockchain, in which by luck one of them was before the exploit transaction.

https://en.bitcoin.it/wiki/Common_Vulne ... -2010-5139

So, the bounty is important if there exist a way to exploit Timekoin for nearly unlimited and instant currency gain.

So in summary, running hundreds of legitimate Timekoin servers is no more an exploit than running tons of asic miners in Bitcoin to gain currency.
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