Post
Topic
Board Bitcoin Discussion
Re: Blockchain split of 4 July 2015
by
RealBitcoin
on 07/07/2015, 11:22:55 UTC
Why is this taking so long to resolve?

Surely it is in the mining pools interest to fall into line? Or is there something more sinister going on?

Re stress testing I suppose it needs to be done isnt bitcoin still classed as beta or am I missing the point?

It actually was resolved pretty fast. (6 blocks ~ 1h)

I guess the news at the top of the forum, is just a reminder that you should update your client.
Theoretically this could happen again(I highlty doubt it, since pools/miners already lost money) and the only prevention is to use a up-to-date client(or connect to an up-to-date node)

It is clearly not resolved. Look at the forum header and you will see. Things are not "back to normal" if you have to wait for ~30 confirmation on many clients. This is ongoing as of now until the above warning is removed.
Sorry, for the misinformation. Seems like there was another split according to: https://bitcoin.org/en/alert/2015-07-04-spv-mining
So, miners are stupid enough to still lose money. Sorry, I assumed, they were smarter.

@RealBitcoin
There is no reported double-spend.
From the way, I understand Bitcoin a double spend is still very hard to execute. So, no lemon merchant has the resources to do that.
And yes, I would trust coinbase.

Yes its obvious that its not the merchant is the one that will scam people here. But it was a bit exxagerated in my view, because nothing is affected except trading with strangers.

So if the 99% of the bitcoin users only use trustable companies to trade bitcoin with then nothing happens. Of course when you do an escrow deal or similar with a stranger, then you need to wait that 30 confirm, but other than that, this crisis doesnt look serious at all.

I hope that the current core client is stable, i`ll wait a few more weeks until i upgrade Smiley