3 ms·
From [1]: >If this is a widespread problem, it is an emergency. We risk having (several) forked chains with smaller blocks, which are accepted by 0.7 nodes. Ca
by networked 14y ago
From [1]:
>If this is a widespread problem, it is an emergency. We risk having (several) forked chains with smaller blocks, which are accepted by 0.7 nodes. Can people contact pool operators to see which fork they are on? Blockexplorer and blockchain.info seem to be stuck as well.
So, what would happen to the coins used in those forked transactions? If the chain does fork what would the best strategy be for performing the merger?
And more interestingly: since bitcoin transactions are considered to not be reversible bitcoins are easily converted to and from other currencies with non-reversible transactions. If one were to convert his or her bitcoins to, e.g., Liberty Reserve right now and the chain got reversed that would result in pretty much a perfect scam, wouldn't it?
[1] http://sourceforge.net/mailarchive/message.php?msg_id=30587843 http://sourceforge.net/mailarchive/message.php?msg_id=305878...
- yk 14y agoThe chains do not get merged. It is just, that the longest block chain is the consensus history of all transaction ( and it needs to be consistent). So if the .7 branch overtakes the .8 branch, then legitimate clients will detect that a transaction was not carried out and retransmit it. ( And the scam you are describing is precisely why Mt Gox did stop accepting bitcoins. They are afraid that someone can take advantage of the situation.)