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You're just explaining the steps of the parent's scenario. The chain must keep accumulating work faster than any adversary could keep up with or everyone's mon
by tylersmith 6y ago
You're just explaining the steps of the parent's scenario. The chain must keep accumulating work faster than any adversary could keep up with or everyone's money is at risk because the state never fully finalizes.
- capnorange 6y agoeveryone's money is not at risk -- only the people who are transacting. There are also tools to know a estimate a good number of confirmations needed.
- tylersmith 6y agoEveryone's money is the result of transactions, all transactions are at risk of being reorged, so everyone's money is at risk. Those tools don't work in this chain death scenario of dwindling hash rate.
- capnorange 6y ago> all transactions are at risk of being reorged Satoshi's coins are always uneffected in case of a reorg. So if everyone else's who have never transacted since the reorg. Chain reorg's are usually temporary even in chains with low security budget.