Can someone explain to these guys and the public why promising to limit yourselves to *only* a 50% chance of successfully double-spending a 6 confirm transaction is still not acceptable?
q=0.4 z=0 P=1 z=1 P=0.828861 z=2 P=0.736403 z=3 P=0.664168 z=4 P=0.603401 z=5 P=0.550625 z=6 P=0.50398 z=7 P=0.462301 z=8 P=0.424782 z=9 P=0.390828 z=10 P=0.359976 z=11 P=0.331858 z=12 P=0.306167 z=13 P=0.282649 z=14 P=0.261083 z=15 P=0.24128 z=16 P=0.223076 z=17 P=0.206324 z=18 P=0.190896 z=19 P=0.176676 On 07/17/2014 06:59 AM, Melvin Carvalho wrote: > I noticed this article today. > > GHash Commits to 40% Hashrate Cap at Bitcoin Mining Summit > > http://www.coindesk.com/ghash-commits-40-hashrate-cap-bitcoin-mining-summit/ > > Here's a quote from Satoshi when the mining arms race began: > > "We should have a gentleman’s agreement to postpone the GPU arms race as > long as we can for the good of the network. It’s much easer to get new > users up to speed if they don’t have to worry about GPU drivers and > compatibility. It’s nice how anyone with just a CPU can compete fairly > equally right now." > > Maybe outdated now, but I thought it was interesting. > > > ------------------------------------------------------------------------------ > Want fast and easy access to all the code in your enterprise? Index and > search up to 200,000 lines of code with a free copy of Black Duck > Code Sight - the same software that powers the world's largest code > search on Ohloh, the Black Duck Open Hub! Try it now. > http://p.sf.net/sfu/bds > > > > _______________________________________________ > Bitcoin-development mailing list > Bitcoin-development@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > ------------------------------------------------------------------------------ Want fast and easy access to all the code in your enterprise? Index and search up to 200,000 lines of code with a free copy of Black Duck Code Sight - the same software that powers the world's largest code search on Ohloh, the Black Duck Open Hub! Try it now. http://p.sf.net/sfu/bds _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
