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Good point. Fortunately, there haven't ever been any vulnerabilities so severe that the entire network was shut down until a software update could be released (
by jamoes 13y ago
Good point. Fortunately, there haven't ever been any vulnerabilities so severe that the entire network was shut down until a software update could be released (as the grandparent said he was looking for with bitmessage).
- ctz 13y agoThere was certainly a bug recently where the whole blockchain split and one half of the split ended up losing all the bitcoins they had mined on that limb. As far as cryptocurrencies go, I'd say that was a serious vulnerability.
- nwh 13y agoOddly enough, the Bitcoin foundation paid all the miners on the chain fork for the lost blocks.
- narcissus 13y agoI hadn't heard that before. Is there a link or something that we can read about this?
- nwh 13y agohttps://bitcointalk.org/index.php?topic=156641.msg1660732#msg1660732 https://bitcointalk.org/index.php?topic=156641.msg1660732#ms...
- narcissus 13y agoThanks for that link... it seems as though there were a lot of people that were thankful and a lot that were against it. Assuming the "guess" of the change address getting 200BTC, that was 800BTC that they paid out. Not knowing enough about it all, why was one of the commenters there saying that it was from the EFF do you know?
- nwh 13y agoIt would have been from the forums funds. At one point they had at least half a million dollars in bitcoin from various ventures, probably more.
- celticninja 13y agoIt was paid out of bitcoin faucet funds, the bulk of which were donated by the EFF when they stopped accepting bitcoin. A position on which they have recently changed their stance.
- erikpukinskis 13y agoThe protocol functioned perfectly through that episode. The miners split into two camps, each who supported a fork, and the longest fork won. That's not a bug, that's a feature.