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It’s an eventually consistent system, so you can defraud people who don’t take that into account. But internally it will always be consistent.
by pat2man 7y ago
It’s an eventually consistent system, so you can defraud people who don’t take that into account. But internally it will always be consistent.
- 7777fps 7y agoAnd by "don't take that into account" you mean "transact anything off chain" including other currencies, goods, services, etc.
- pat2man 7y agoYou can transact off chain. You just have to calculate the likelihood that your transaction will go through, and adjust accordingly. The cost of a 51% attack for 24 hours is a lot higher than the cost for one hour, so if you want for 24 hours the likelihood goes way up.