On Thu, Jul 17, 2014 at 09:35:20AM -0400, Mark Friedenbach wrote:
> 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?
Hi, Mark.
We were asked on the bitcoin
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=0.55062
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 rac
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