@el33th4xor trying to understand this. Why would it be in your interest to risk losing your own mined block?
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@dakami because math. -
@el33th4xor aren't you assuming you have a sustainable one block lead, which is false when you're minority? -
@dakami no, you'll just ride such leads, whenever possible. rarely, they'll turn into 2-leads. more often, they disappear. on the whole... -
@el33th4xor you are modeling this as a lead when it's a random jackpot. That's your math error. -
@dakami :-) Dan, the explanation does not fit into Twitter format or line length, and requires math. Here's a stab...
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@el33th4xor so probably some issues with http://www.usv.com/posts/bitcoin-as-protocol … then -
@igorclark Yes, everything built on top of a Bitcoin-like global ledger suffers from this attack. -
@el33th4xor fascinating to see things develop where it's in the interest of individuals to act as part of the collective in plugging holes!
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@el33th4xor this is a stupid attack, avoiding others to create a block is not worth risking more than 100 btc. -
@skynetbnet math says otherwise. -
@el33th4xor indeed, by making other pools mine less I can mine more blocks before rewards are halved again.
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@el33th4xor My question is does your solution (propagating equal chains with no preference for 1st) change the expected profit?@psillanp -
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@el33th4xor thanks. Important work!@psillanp
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@el33th4xor what a well thought out and well written paper. Thank you sir for some interesting reading!Thanks. Twitter will use this to make your timeline better. UndoUndo
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@el33th4xor Adds also to the argument that if#bitcoin is seen as an investment, it can never be a currency. See also: US Gold Dollar CoinThanks. Twitter will use this to make your timeline better. UndoUndo
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@rosshill since you have a keen bitcoin interest, read Emin's post:@el33th4xor:#Bitcoin is broken. http://hackingdistributed.com/2013/11/04/bitcoin-is-broken/ …Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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