5 ms·
An actual great example is in 2013 when this happened [0]. For 24 hours, Bitcoin could not reach consensus and users could double-spend. The fact that we do not
by hudon 9y ago
An actual great example is in 2013 when this happened [0]. For 24 hours, Bitcoin could not reach consensus and users could double-spend.
The fact that we do not know how likely Bitcoin consensus failure is—especially when so many forks and conflicting rulesets are emerging—should worry anyone thinking about decentralized consensus.
[0] https://bitcoinmagazine.com/articles/bitcoin-network-shaken-by-blockchain-fork-1363144448/ https://bitcoinmagazine.com/articles/bitcoin-network-shaken-...