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January 17, 2013, 10:47:06 PM |
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What happened exactly?? 51%er double spend or spend bitcoins with a zero balance account then accept in their block, since their block is faster enough that their block chain grows faster then honest block calcs (which will reject fake spend) and eventually people have to accept? What if people realize it and even they think they will not reverse the action, since that fake coin is still being able to be traced, and since the probability of reverse is not zero, people may accept the blockchain , but they do not have to accept fake coins as a payment (you pay me with fake coin, I reject to give you back services, since there is a possibility it is reversed.)
So not sure how 51% attack work.
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