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I think one of the other issues is that each transaction that they are double spending can be worth so much. If each transaction was maxed out at say $100, the
by snarf21 8y ago
I think one of the other issues is that each transaction that they are double spending can be worth so much. If each transaction was maxed out at say $100, the incentive to double spend the transaction becomes smaller. Obviously that changes a lot about the costs of mining and transactions, just saying the bigger a single transaction or value in a single address, the larger the likelihood of an attack.
We see the same things with cash, they only run the "counterfeit" pen on $20 or larger.
Just wondering if there is some kind of crypto currency where the transactions had a max of some kind. Would the difficulty be able to be much smaller and blocks every minute (since there would be so many more to transact)? This isn't well formed, just off the top.....
- bondi 8y agoThis would probably lead to a huge increase in transactions, and PoW mining as of now will not to be able to process tranactions fast enough and the coin ends up clogged and unusable.