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Subject: Re: [bitcoin-dev] Is it possible for there to be two chains after a
hard fork?
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--047d7bdc0d9c03a2a90520e6774e
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>
> >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.
--047d7bdc0d9c03a2a90520e6774e
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr"><div class=3D"gmail_extra"><div class=3D"gmail_quote"><blo=
ckquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #c=
cc solid;padding-left:1ex"><div dir=3D"ltr"><span class=3D""><div><span sty=
le=3D"font-size:12.8px">></span><span style=3D"font-size:12.8px">because=
Bitcoin's basic security assumption is that a supermajority of miners =
are 'honest.'</span></div><div><span style=3D"font-size:12.8px"><br=
></span></div></span><div><span style=3D"font-size:12.8px">Only if you rely=
on SPV.</span></div></div></blockquote><div><br></div><div>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 e=
mpty blocks, they can do various other things that render your money worthl=
ess.</div></div></div></div>
--047d7bdc0d9c03a2a90520e6774e--
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