DDoSCoin: Cryptocurrency with malicious proof of work
I looked through the paper and couldn&#x27;t find it, so I&#x27;ll ask here: what is the motivation behind this? I don&#x27;t understand the purpose of this system. I understand that some people are paid to perform DDoS attacks against specific targets. I don&#x27;t understand how a special crypto currency changes this.<p><pre><code>    &gt; Miners are incentivized to send and receive 
    &gt; large amounts of network traffic to and from the 
    &gt; target in order to produce a valid proof-of-work.
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No they are not. Just because you create a &quot;crypto currency&quot;, which rewards some activity, does not mean people will start performing this activity. Unless they mistakenly believe the tokens they earn somehow have value. A mined crypto currency needs to have value <i>before</i> miners are incentivized to do what it takes to mine coins.<p>It seems like any paper with the word &quot;Blockchain&quot; in it gets votes to the top regardless of whether or not the system actually provides any additional value. Designing useless systems is not hard.<p><pre><code>    &gt; In order to allow victims to be (temporarily) selected for
    &gt; DoS, DDoSCoin allows “bounties” for targeting specific servers. To accomplish this, DDoSCoin 
    &gt; introduces a new payment opcode, PAY_TO_DDOS, 
    &gt; that can be used in transactions subject to 
    &gt; certain constraints. 
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So miners perform DDoS attacks to earn coins, and then send these coins in a transaction which incentivizes others to perform DDoS attacks? This makes no sense. A group of supposed DDoS attackers &quot;incentivizing&quot; each other to perform attacks to earn tokens they themselves have created.