Downloading the whole Bitcoin block chain takes a while.
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Replying to @bascule1 reply 0 retweets 0 likes
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Replying to @whitequark
@whitequark@jm there are better solutions to the double spending problem then a lottery for completing a proof-of-work function first1 reply 1 retweet 2 likes -
Replying to @bascule
@bascule@whitequark Yeah the more I’ve learned about the algorithm behind btc, it seems a little suboptimal. :)2 replies 0 retweets 0 likes -
Replying to @jm
@jm@whitequark one alternative is to leak a user's private key if they double spend2 replies 1 retweet 6 likes -
Replying to @bascule1 reply 0 retweets 0 likes
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Replying to @whitequark
@whitequark@jm make double spending nonce reuse with any *DSA, which Bitcoin already uses. It's catastrophic (see e.g. PS3 master key)1 reply 0 retweets 0 likes
@whitequark @jm depends on client logic. Clients that detect double spending could invalidate huge parts of the graph if it's discovered
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