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From: digitsu@gmail.com
To: "Anthony Towns" <aj@erisian.com.au>
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Subject: Re: [bitcoin-dev] Let's deploy BIP65 CHECKLOCKTIMEVERIFY!
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Thanks for that great breakdown Anthony. I think it helps a lot of us get a=
better handle on the matter without getting too technical.=C2=A0
A couple of questions on some of the points you made I'd like to put out =
there:
First I think your unsaid assumption about the fragility of a soft fork =
showing incorrect confirmations is dependent on the percentage of hash =
power that didn't upgrade. =C2=A0If using your same numbers this was only =
5% of the hash power, the attack is effectively not effective (u less the =
attacker knew an exact merchant that was unfortunately on the minority of =
the network.=C2=A0
-- snip --
=C2=A0- non-upgraded bitcoin nodes: total breakage. there will be a push
=C2=A0 =C2=A0alert telling you to upgrade. anyone who doesn't will think =
they're
=C2=A0 =C2=A0tracking =22bitcoin=22 but will actually be tracking a new =
=22bitcoin-old=22
=C2=A0 =C2=A0altcoin. most non-upgraded miners will presumably realise =
they're
=C2=A0 =C2=A0wasting hashpower and stop doing this pretty quick; and =
remaining
=C2=A0 =C2=A0miners will only create blocks very slowly due to sudden =
reduced
=C2=A0 =C2=A0hashpower, without possibility of difficulty adjustment.=
=C2=A0
----
Is this true=3F I thought that un-upgraded nodes would just dump the new =
blocks from the upgraded miner majority as invalid. This how would they =
even know (besides the PSA) that they were on the wrong side=3F=C2=A0
----snip---
users who
=C2=A0 =C2=A0don't uprade will try to do transactions, but won't see them =
confirm
=C2=A0 =C2=A0for hours or days due to lack of hashpower.
----
But only for txns for users who are using the new OP code right=3F Regular =
transactions will get relayed by both upgraded and in-upgraded nodes and =
miners alike.=C2=A0
=E2=80=94
Regards,
------Nodemailer-0.5.0-?=_1-1444633371062
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<!DOCTYPE html PUBLIC =22-//W3C//DTD HTML 4.0 Transitional//EN=22 =
=22http://www.w3.org/TR/REC-html40/loose.dtd=22>
<html><body><div id=3D=22mbx-wrapper=22>
<div id=3D=22mbx-content=22 class=3D=22content=22 onfocus=3D=22didBecomeFir=
stResponder()=22 contenteditable=3D=22true=22 onblur=3D=22didBlur()=22>Than=
ks for that great breakdown Anthony. I think it helps a lot of us get a =
better handle on the matter without getting too technical.=
<div><br></div>
<div>A couple of questions on some of the points you made I'd like to put =
out there:</div>
<div><br></div>
<div>First I think your unsaid assumption about the fragility of a soft =
fork showing incorrect confirmations is dependent on the percentage of hash=
power that didn't upgrade. If using your same numbers this was only =
5% of the hash power, the attack is effectively not effective (u less the =
attacker knew an exact merchant that was unfortunately on the minority of =
the network. </div>
<div><br></div>
<div>-- snip --</div>
<div>
<div> - non-upgraded bitcoin nodes: total breakage. there will be a =
push</div>
<div> alert telling you to upgrade. anyone who doesn't will =
think they're</div>
<div> tracking =22bitcoin=22 but will actually be tracking a =
new =22bitcoin-old=22</div>
<div> altcoin. most non-upgraded miners will presumably realise=
they're</div>
<div> wasting hashpower and stop doing this pretty quick; and =
remaining</div>
<div> miners will only create blocks very slowly due to sudden =
reduced</div>
<div> hashpower, without possibility of difficulty adjustment.=
</div>
<div>----</div>
<div><br></div>
<div>Is this true=3F I thought that un-upgraded nodes would just dump the =
new blocks from the upgraded miner majority as invalid. This how would they=
even know (besides the PSA) that they were on the wrong =
side=3F </div>
<div><br></div>
<div>----snip---</div>
<div>users who</div>
<div> don't uprade will try to do transactions, but won't see =
them confirm</div>
<div> for hours or days due to lack of hashpower.</div>
</div>
<div><br></div>
<div>----</div>
<div><br></div>
<div>But only for txns for users who are using the new OP code right=3F =
Regular transactions will get relayed by both upgraded and in-upgraded =
nodes and miners alike. </div>
<div><br></div>
</div>
<div id=3D=22mbx-old-email=22 contenteditable=3D=22true=22><div =
class=3D=22mailbox=5Fsignature=22 style=3D=22display: block;=22>
<br>—
Regards,</div></div>
</div></body></html>
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