Bitcoin Forum
April 20, 2024, 02:28:46 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: deepbit has 50.18 % now  (Read 3605 times)
Chris Acheson
Sr. Member
****
Offline Offline

Activity: 266
Merit: 251


View Profile
July 07, 2011, 03:50:38 PM
 #21

is there some technical reason why there must not be too many blocks / they must have a minimum size?

Newly found blocks need sufficient time to propagate through the network, otherwise miners will end up creating invalid blocks.  10 minutes was determined to be about the right amount of time to minimize invalid blocks.
1713580126
Hero Member
*
Offline Offline

Posts: 1713580126

View Profile Personal Message (Offline)

Ignore
1713580126
Reply with quote  #2

1713580126
Report to moderator
1713580126
Hero Member
*
Offline Offline

Posts: 1713580126

View Profile Personal Message (Offline)

Ignore
1713580126
Reply with quote  #2

1713580126
Report to moderator
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1713580126
Hero Member
*
Offline Offline

Posts: 1713580126

View Profile Personal Message (Offline)

Ignore
1713580126
Reply with quote  #2

1713580126
Report to moderator
ampkZjWDQcqT
Member
**
Offline Offline

Activity: 70
Merit: 10


GNU is not UNIX


View Profile
July 07, 2011, 03:52:58 PM
 #22

Again, block generation is a stochastic process, it's all about the probabilities and even a successful attack of the block chain wouldn't mean the end of Bitcoin, this is explained in the original Bitcoin paper (!).

If you found my comment useful please express your gratitude by doing an action of similar magnitude towards a better society. Thanks you!.
CNMOH
Member
**
Offline Offline

Activity: 266
Merit: 10



View Profile
July 07, 2011, 04:22:39 PM
 #23

Yeah, because that's not illegal in almost all decently internet connected countries of the world.

Where's a mod when you need one? If we're not supposed to discuss illegal activities then this one needs at least a warning if not an outright ban.
http://www.merriam-webster.com/dictionary/joke

"something said or done to provoke laughter; especially : a brief oral narrative with a climactic humorous twist"
swusc2
Sr. Member
****
Offline Offline

Activity: 304
Merit: 250


Do your part for Bitcoin!


View Profile
July 07, 2011, 04:25:54 PM
 #24



looks like it's time for a ddos...

DDOS only makes things worse. People just go to another pool and that pool gets an even higher percentage of users. The reason why Deepbit is so high right now is because BTC Guild got DDOS attacked and is down.

Impress your friends! Buy a bitcoin keychain!
http://forum.bitcoin.org/index.php?topic=30799.0
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!