From: Peter Todd <pete@petertodd•org>
To: Tamas Blummer <tamas@bitsofproof•com>
Cc: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] SPV bitcoind? (was: Introducing BitcoinKit.framework)
Date: Wed, 17 Jul 2013 08:50:52 -0400 [thread overview]
Message-ID: <20130717125052.GA1750@savin> (raw)
In-Reply-To: <09D346D7-7D3D-43E9-8B43-5FCE1F188D8E@bitsofproof.com>
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On Wed, Jul 17, 2013 at 02:37:11PM +0200, Tamas Blummer wrote:
> Would not an SPV bitcoind transfer all control on validation rules to miner?
Yes
> A majority coalition of miner (pool operator) might even decide to change block reward
> rules if the rest of the network only verifies POW.
Widespread dependence on SPV mode is very dangerous for Bitcoin in
general due to that reason. Fraud proofs may help, but they're also
another layer of never-before-tested crypto on top of an already poorly
understood technology, bitcoin itself.
--
'peter'[:-1]@petertodd.org
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next prev parent reply other threads:[~2013-07-17 12:51 UTC|newest]
Thread overview: 23+ messages / expand[flat|nested] mbox.gz Atom feed top
[not found] <mailman.108889.1374064174.4583.bitcoin-development@lists.sourceforge.net>
2013-07-17 12:37 ` Tamas Blummer
2013-07-17 12:50 ` Peter Todd [this message]
2013-07-17 13:56 ` Mike Hearn
2013-07-15 10:07 [Bitcoin-development] Introducing BitcoinKit.framework Wendell
2013-07-15 13:19 ` Mike Hearn
2013-07-15 14:39 ` Wendell
2013-07-15 15:48 ` Mike Hearn
[not found] ` <3E7894A0-06F3-453D-87F8-975A244EBACF@include7.ch>
2013-07-15 20:08 ` Mike Hearn
[not found] ` <2BDA0943-22BB-4405-9AF0-86FB41FD04A6@include7.ch>
2013-07-16 9:21 ` Mike Hearn
[not found] ` <2F20A509-13A9-4C84-86D7-A15C21BACD53@include7.ch>
2013-07-16 9:51 ` Mike Hearn
2013-07-16 10:17 ` Wendell
2013-07-16 10:59 ` Mike Hearn
2013-07-16 14:16 ` [Bitcoin-development] SPV bitcoind? (was: Introducing BitcoinKit.framework) Wendell
2013-07-16 15:09 ` Mike Hearn
2013-07-17 10:58 ` Peter Todd
2013-07-17 12:29 ` Mike Hearn
2013-07-18 12:13 ` Peter Todd
2013-07-18 13:18 ` Peter Todd
2013-07-18 13:38 ` Mike Hearn
2013-07-17 13:37 ` Wendell
2013-07-17 14:31 ` Michael Gronager
2013-07-17 14:58 ` Wendell
2013-07-17 19:33 ` Mike Hearn
2013-07-17 22:26 ` Michael Gronager
2013-07-17 23:04 ` Gregory Maxwell
2013-07-18 8:19 ` Mike Hearn
2013-07-18 11:40 ` Bazyli Zygan
2013-07-18 13:03 ` Michael Gronager
2013-07-18 13:16 ` Michael Gronager
2013-07-18 16:22 ` Peter Todd
2013-07-18 16:46 ` Wendell
2013-07-18 23:03 ` Peter Todd
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