Re: [Bitcoin-development] Update to Double-Spend Deprecation Window Proposal

2015-02-08 Thread Peter Todd
-BEGIN PGP SIGNED MESSAGE- Hash: SHA256 This is an incredibly dangerous and foolish proposal that opens up the Bitcoin network to serious vulnerabilities, both from attackers outside the network, as well as miners trying to gain an advantage over their competition. Ultimately it's flawe

[Bitcoin-development] Update to Double-Spend Deprecation Window Proposal

2015-02-08 Thread Tom Harding
This update strengthens the incentive not to confirm double-spends after time T (30 seconds). To grow and stabilize adoption, it is necessary to influence the miner of the block after a deprecated block, who in turn is concerned with the block after that. Accordingly, the disincentive is chan