From: Mike Hearn <hearn@vinumeris•com>
To: Allen Piscitello <allen.piscitello@gmail•com>
Cc: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Is it possible for there to be two chains after a hard fork?
Date: Tue, 29 Sep 2015 19:51:34 +0200 [thread overview]
Message-ID: <CA+w+GKTVzaEqWeR9m2ck6z3WZ_OWJ5hgkqyQhriJDLPVoHzfGQ@mail.gmail.com> (raw)
In-Reply-To: <CAJfRnm5=yrWE95T3+fzM_PxGxWJ38OnJMVxynTOKK1X9BTrgCg@mail.gmail.com>
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>
> >because Bitcoin's basic security assumption is that a supermajority of
> miners are 'honest.'
>
> Only if you rely on SPV.
>
No, you rely on miners honesty even if you run a full node. This is in the
white paper. A dishonest miner majority can commit fraud against you, they
can mine only empty blocks, they can do various other things that render
your money worthless.
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next prev parent reply other threads:[~2015-09-29 17:51 UTC|newest]
Thread overview: 12+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-09-29 14:04 Gavin Andresen
2015-09-29 14:17 ` Jonathan Toomim (Toomim Bros)
2015-09-29 14:59 ` Mark Friedenbach
2015-09-29 17:24 ` Allen Piscitello
2015-09-29 17:35 ` Gavin Andresen
2015-09-29 17:43 ` Allen Piscitello
2015-09-29 17:51 ` Mike Hearn [this message]
2015-09-29 17:55 ` Allen Piscitello
2015-09-29 18:01 ` Gavin Andresen
2015-09-29 18:23 ` Allen Piscitello
2015-09-30 16:14 ` Jorge Timón
2015-09-29 18:02 ` Mike Hearn
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