Gavin Andresen - 2010-12-14 14:28:55

The only rule oddity in the simulator is: when the Network (all those who are not the cartel) solves a hash, it is not credited a mined block if the preceding block was mined by the cartel. (In this case, the cartel would use its superior network connectivity to "override" the network's newly mined block with the cartel's previously mined block).

Did you simulate network connectivity at all?  Bitcoin is a semi-randomly connected network, where most of the connections are (I would guess) outbound connections from non-generating nodes who are sitting behind firewalls.  With a typical node having 8 random connections, to different /16 networks, it seems to me it would be pretty tough to get tight-enough control over enough network connections to consistently win the "announce a new block" race.

Anybody know how to estimate what percentage of connections the cartel would have to control to only lose the announce-a-block race 15% of the time?  It'll be way more than 15%....