Good, that’s the effect I was hoping for - to get more people (except me) to feel that way
IMHO the economic side is about 20% done and needs a lot more work to become resistant to manipulation and various economic tragedies.
Farmers to some extent may do that, but only in some special situations.Because it is not inexpensive to flood the network (you have to pay for that space as well, and have enormous amounts of bandwidth too), normally it won’t pay to do that. But if you’re 0.00001% from the trigger point where a different price or something else that impacts the price kicks in, you could spin few K Amazon instances over a period of X minutes to trigger such events.
That’s why I said that security thru obscurity won’t work. After a while it will be possible to deconstruct the workings of the black box.
Elsewhere it was observed how capacity and cost of disk storage is increasing 30% a year. Since the rate of issuance is different (or, “since the rate of issuance cannot in advance know the rate of capacity and cost changes of disk drives”), it will be hard to match it.
And I believe ultimately (if not in v1.0, then later) other resources will have to be paid for too (RAM, network, CPU time), so it’s going to become extremely hard to come up with some aggregate issuance rate.
But I hope this topic may motivate the Project to release the algo because IMHO the black box approach will prove to be risky.
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EDIT: Sentence below was edited due to me misunderstanding what HB said in another topic.
“Don’t forget, though, that farmers to some extent (and that really depends on the black box formula which @happybeing said he thought will be protected through obscurity, although we haven’t seen a confirmation from MaidSafe people) may do that, but only in some special situations.”
I misunderstood @happybeing’s claim here (first in my comment right below his at this link, then that misunderstanding carried over to this post until he clarified I was wrong).