Actually we are discussing Plasma MVP and not Plasma Cash ) OmiseGo spec we started to discuss above it Plasma MVP. The same is as a understand true for Loom Network.
So for Plasma MVP, if I have a long set of transactions sending money to myself, then no-one except myself cares about these transactions.
This means that if I try to fraudulently exit some of the spent UTXOs, I will have no counterparty to challenge this, since I was both the sender and the receiver.
So the only one to challenge me will be “bounty hunters” who just want to make money from my deposit.
Do other people on this thread agree to this point of view?
If I am a bounty hunter, I need to have a copy of the entire chain since fraudulent exits may come from anywhere in the chain.
At 1000 transactions per second, a chain will produce 6 TB a year. This means that a bounty hunter will need to run a Hadoop or Spark cluster to verify exits. You wont be able to do it on a PC.
Getting the economics right for the bounty hunters will be super important. If they are only paid when they find fraudulent exits, the question will be to have enough fraudulent exits to support the hunters.
Lets say I want to become a full time bounty hunter and run a Spark cluster to catch bad guys. I will probably want to make $200K a year and also pay for the cloud costs. The question is, how I am I going to make this $200K a year if I am only paid when someone does fraudulent exit attempts and I catch them ? The better job I do, the less fraudulent exits will be attempted, the less money I will make.
May be the Plasma operator needs to do some mockup fraudulent exits to feed the bounty hunters?))