Part of this post addresses the economics of creating a 6 block re-org. This makes sense as 6-confimations is the standard for Bitcoin finality today. However, as Bitcoin's security inevitably weakens over the coming…
Jewelry. Digital assets will have their place alongside gold and diamonds in jewelry, and perhaps even entirely replace them. A significant issue with gold and diamonds in jewelry is that the value is destroyed if the…
There was a 1.5 hour gap after this block: https://blockchain.info/block-height/152217
The timing of block arrivals also greatly affects the guarantees against double spending, so this paradox may have some security implications. Accepting transactions blindly after 5 confirmations/blocks throws away the…
Part of this post addresses the economics of creating a 6 block re-org. This makes sense as 6-confimations is the standard for Bitcoin finality today. However, as Bitcoin's security inevitably weakens over the coming…
Jewelry. Digital assets will have their place alongside gold and diamonds in jewelry, and perhaps even entirely replace them. A significant issue with gold and diamonds in jewelry is that the value is destroyed if the…
There was a 1.5 hour gap after this block: https://blockchain.info/block-height/152217
The timing of block arrivals also greatly affects the guarantees against double spending, so this paradox may have some security implications. Accepting transactions blindly after 5 confirmations/blocks throws away the…