Andy Parkins [ARCHIVE] on Nostr: 📅 Original date posted:2011-11-23 🗒️ Summary of this message: Bitcoin's "I ...

📅 Original date posted:2011-11-23
🗒️ Summary of this message: Bitcoin's "I got lucky" block-finding problem is not an issue because the difficulty target is used to compute chain difficulty, not actual hashes found.
📝 Original message:On 2011 November 23 Wednesday, Gavin Andresen wrote:

> Bitcoin as-is doesn't have the "I got lucky and found an extremely
> hard block" problem because the difficulty TARGET is used to compute
> chain difficulty, not the actual hashes found.

Good points. I don't think I have a response to that one.

I saw the "I got lucky" result as a benefit, as it made it harder to fork the
chain. We got an advantage from the luck.

I'll have to abandon this suggestion. It's not going to work.

Thanks for the feedback everyone.



Andy

--
Dr Andy Parkins
andyparkins at gmail.com
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