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Author Topic: Double spending attacks and block depth.  (Read 654 times)
No_2 (OP)
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May 01, 2013, 03:07:56 PM
 #1

Am I correct in my understanding that a bitcoin transaction which has been mined into a block and becomes six blocks deep in the chain (has six confirmations) is statically very secure from a double spending attack?

If not can someone point me at info explaining why not.
grue
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May 01, 2013, 03:21:45 PM
 #2

https://en.bitcoin.it/wiki/Double_spending

tl;dr you need to outpace the network to generate enough fake blocks.

It is pitch black. You are likely to be eaten by a grue.

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No_2 (OP)
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May 01, 2013, 03:24:54 PM
 #3

https://en.bitcoin.it/wiki/Double_spending

tl;dr you need to outpace the network to generate enough fake blocks.

Which requires >50% of the total hashing power on the bitcoin network? (Or arguably less according to some recent papers?)
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May 01, 2013, 03:44:25 PM
 #4

https://en.bitcoin.it/wiki/Double_spending

tl;dr you need to outpace the network to generate enough fake blocks.

Which requires >50% of the total hashing power on the bitcoin network? (Or arguably less according to some recent papers?)
a wild guess:


It is pitch black. You are likely to be eaten by a grue.

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