This paper argues for a new approach to building Byzantine fault tolerant systems. We observe that although recently developed BFT state machine replication protocols are quite fast, they don’t actually tolerate Byzantine faults very well: a single faulty client or server is capable of rendering PBFT, Q/U, HQ, and Zyzzyva virtually unusable. In this paper, we (1) demonstrate that existing proto...

A Bitcoin wallet is a set of private keys known to a user and which allow that user to spend any Bitcoin associated with those keys. In a hierarchical deterministic (HD) wallet, child private keys are generated pseudorandomly from a master private key, and the corresponding child public keys can be generated by anyone with knowledge of the master public key. These wallets have several interesti...

A Bitcoin wallet is a set of private keys known to a user and which allow that user to spend any Bitcoin associated with those keys. In a hierarchical deterministic (HD) wallet, child private keys are generated pseudorandomly from a master private key, and the corresponding child public keys can be generated by anyone with knowledge of the master public key. These wallets have several interesti...

The probability of finding a spherical cavity or "hole" of arbitrarily large size in typical disordered many-particle systems in the infinite-system-size limit (e.g., equilibrium liquid states) is non-zero. Such "hole" statistics are intimately linked to the thermodynamic and nonequilibrium physical properties of the system. Disordered "stealthy" many-particle configurations in d-dimensional Eu...

Using an online experiment, we investigate intertemporal preferences to infer people’s willingness accept negative interest rates (NIRs) on their savings. We find some tolerance of NIRs, i.e., people being willing hold money in the bank rather than spend it, thereby accepting less savings at future time. This strongly depends amount savings, time horizon, actual behavior, and anchoring. Specifi...