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Date: Tue, 29 Sep 2015 12:55:02 -0500
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From: Allen Piscitello <allen.piscitello@gmail.com>
To: Mike Hearn <hearn@vinumeris.com>
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Subject: Re: [bitcoin-dev] Is it possible for there to be two chains after a
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--001a1141d15063f8d80520e683e5
Content-Type: text/plain; charset=UTF-8
>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.
Mining empty blocks is not fraud.
If you want to use terms like "honest miners" and "fraud", please define
them so we can at least be on the same page.
I am defining an honest miner as one that follows the rules of the
protocol. Obviously your definition is different.
On Tue, Sep 29, 2015 at 12:51 PM, Mike Hearn <hearn@vinumeris.com> wrote:
> >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.
>
--001a1141d15063f8d80520e683e5
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr">><span style=3D"font-size:12.8px">A dishonest miner maj=
ority can commit fraud against you, they can mine only empty blocks, they c=
an do various other things that render your money worthless.</span><div><sp=
an style=3D"font-size:12.8px"><br></span></div><div><span style=3D"font-siz=
e:12.8px">Mining empty blocks is not fraud.</span></div><div><span style=3D=
"font-size:12.8px"><br></span></div><div><span style=3D"font-size:12.8px">I=
f you want to use terms like "honest miners" and "fraud"=
;, please define them so we can at least be on the same page.</span></div><=
div><span style=3D"font-size:12.8px"><br></span></div><div><span style=3D"f=
ont-size:12.8px">I am defining an honest miner as one that follows the rule=
s of the protocol.=C2=A0 Obviously your definition is different.</span></di=
v></div><div class=3D"gmail_extra"><br><div class=3D"gmail_quote">On Tue, S=
ep 29, 2015 at 12:51 PM, Mike Hearn <span dir=3D"ltr"><<a href=3D"mailto=
:hearn@vinumeris.com" target=3D"_blank">hearn@vinumeris.com</a>></span> =
wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;bord=
er-left:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr"><div class=3D"gma=
il_extra"><div class=3D"gmail_quote"><span class=3D""><blockquote class=3D"=
gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-=
left:1ex"><div dir=3D"ltr"><span><div><span style=3D"font-size:12.8px">>=
</span><span style=3D"font-size:12.8px">because Bitcoin's basic securit=
y assumption is that a supermajority of miners are 'honest.'</span>=
</div><div><span style=3D"font-size:12.8px"><br></span></div></span><div><s=
pan style=3D"font-size:12.8px">Only if you rely on SPV.</span></div></div><=
/blockquote><div><br></div></span><div>No, you rely on miners honesty even =
if you run a full node. This is in the white paper. A dishonest miner major=
ity can commit fraud against you, they can mine only empty blocks, they can=
do various other things that render your money worthless.</div></div></div=
></div>
</blockquote></div><br></div>
--001a1141d15063f8d80520e683e5--
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