📅 Original date posted:2015-09-29
📝 Original message:>
> >because Bitcoin's basic security assumption is that a supermajority of
> miners are 'honest.'
>
> Only if you rely on SPV.
>
No, you rely on miners honesty even if you run a full node. This is in the
white paper. A dishonest miner majority can commit fraud against you, they
can mine only empty blocks, they can do various other things that render
your money worthless.
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Mike Hearn [ARCHIVE] /
npub17t…4qgyd
2023-06-07 17:41:48
in reply to nevent1q…lvn9
Author Public Key
npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgydPublished at
2023-06-07 17:41:48Event JSON
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"content": "📅 Original date posted:2015-09-29\n📝 Original message:\u003e\n\u003e \u003ebecause Bitcoin's basic security assumption is that a supermajority of\n\u003e miners are 'honest.'\n\u003e\n\u003e Only if you rely on SPV.\n\u003e\n\nNo, you rely on miners honesty even if you run a full node. This is in the\nwhite paper. A dishonest miner majority can commit fraud against you, they\ncan mine only empty blocks, they can do various other things that render\nyour money worthless.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150929/91b9b493/attachment.html\u003e",
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