that are already spreading throughout the network.
I have a paper that models this more formally and has some numerical
simulations but cannot publish it on the internet at present (University
Regulations) but I am happy to share a version privately if anyone is
Thank you for your thoughts.
The earlier, larger block A will only become stale if *two* blocks are
found in the extra time it takes for block A to propagate the network.
That is a substantially different risk, and probably a negligible
concern to most miners.
I really like Mark’s
I am a post-graduate economist writing a paper on the incentives of mining.
Even though this issue has been debated in the forums, I think it is important
to get a sense of the magnitude of the incentives at play and determine what
implications this has for the transaction fee market.
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