Bitcoin Forum
May 11, 2024, 08:04:56 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: 53 double spends attempts today? edit now down to 3 attempts  (Read 2645 times)
spazzdla
Legendary
*
Offline Offline

Activity: 1722
Merit: 1000


View Profile
June 11, 2014, 03:51:02 PM
 #21

Gash.io   is really a gov site on a mission to crash btc..?!?!?
1715414696
Hero Member
*
Offline Offline

Posts: 1715414696

View Profile Personal Message (Offline)

Ignore
1715414696
Reply with quote  #2

1715414696
Report to moderator
1715414696
Hero Member
*
Offline Offline

Posts: 1715414696

View Profile Personal Message (Offline)

Ignore
1715414696
Reply with quote  #2

1715414696
Report to moderator
1715414696
Hero Member
*
Offline Offline

Posts: 1715414696

View Profile Personal Message (Offline)

Ignore
1715414696
Reply with quote  #2

1715414696
Report to moderator
In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
BurtW
Legendary
*
Offline Offline

Activity: 2646
Merit: 1136

All paid signature campaigns should be banned.


View Profile WWW
June 11, 2014, 04:47:08 PM
 #22

Gash.io   is really a gov site on a mission to crash btc..?!?!?
No.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
BurtW
Legendary
*
Offline Offline

Activity: 2646
Merit: 1136

All paid signature campaigns should be banned.


View Profile WWW
June 11, 2014, 04:52:06 PM
 #23

And it grows...
Down to only 3 at the moment.  Again, this is nothing to worry about.  It only shows that the Bitcoin system is functioning correctly (detecting and preventing double spend attempts).

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
Mike Hearn
Legendary
*
expert
Offline Offline

Activity: 1526
Merit: 1129


View Profile
June 13, 2014, 05:45:14 PM
 #24

You can see a better view here:

http://54.186.244.42:5984/respends/_design/explore/_list/list1/date,time,hash?descending=true&limit=40

There are basically two sources of double spending weakness right now:

1) Dice sites that fall into Luke-Jr's "spam filter". These dice sites could fix this at any time by just not reusing addresses. It's not a hard change. They could implement BIP70 whilst they're at it and save everyone a lot of resources and money. However, they don't do it, so I guess they don't care about being double spent.

2) The fee drop which isn't working because miners aren't upgrading to Bitcoin Core 0.9 whilst other users are. This is partly my fault, but is mostly due to the totally broken fee market. According to nice and simple economic theory, mining is competitive and miners are supposed to include all transactions no matter what the fee is, because if they leave money on the table, some other miner will grab it. So fees are supposed to be used only for load control. In fact mining is not competitive at all because of pooling and it seems the handful of people who control mining have collectively decided not to allow lower fees, because it's become a real profit centre for them, so they're playing "who blinks first" with wallet authors.

Peter Todd
Legendary
*
expert
Offline Offline

Activity: 1120
Merit: 1150


View Profile
June 14, 2014, 01:32:18 AM
 #25

2) The fee drop which isn't working because miners aren't upgrading to Bitcoin Core 0.9 whilst other users are. This is partly my fault, but is mostly due to the totally broken fee market. According to nice and simple economic theory, mining is competitive and miners are supposed to include all transactions no matter what the fee is, because if they leave money on the table, some other miner will grab it. So fees are supposed to be used only for load control. In fact mining is not competitive at all because of pooling and it seems the handful of people who control mining have collectively decided not to allow lower fees, because it's become a real profit centre for them, so they're playing "who blinks first" with wallet authors.

As you should know every transaction you include increases your orphan rate. Prior to the v0.9 fee drop transaction fees were probably already low enough that adding transactions to your blocks actually cost you money, based on careful measurement and analysis done by myself and others; lowering them by another order of magnitude definitely put them below that limit. FWIW I've spoken to some mining pools and large mining operations who have also told me this was their reason for rejecting the 0.9 fee drop.

After all, why risk orphaning a block, worth ~$16,000 USD, when an entire block full of v0.9 transaction fees is only worth $6.50 USD? If they're "leaving money on the table" they sure as hell aren't leaving much.

Peter Todd
Legendary
*
expert
Offline Offline

Activity: 1120
Merit: 1150


View Profile
June 14, 2014, 01:36:13 AM
 #26

Also, your double-spend attempt thing is missing dozens of double-spends that I'm seeing on my replace-by-fee nodes.

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!