Post
Topic
Board Bitcoin Discussion
Re: A successful DOUBLE SPEND US$10000 against OKPAY this morning.
by
Nick
on 12/03/2013, 19:41:05 UTC
A serious solution is simply for several major stakeholders to publish signed endorsements and/or kills to blocks. Users can subscribe to them, and if a supermajority agrees to kill a block, the merchant at the very least can be configured to stop and go into safe mode.

I have thought of this long ago, now others might take the idea seriously. It was aggressively rejected in the past under the pretense it was too "centralized".  I believe we need it to raise the bar on the risk of a 51% attack.


I have just read this on the reddit thread:

Quote from: Bitcoinin
Merchants like this probably need to build something into their systems to automatically go into a safe mode if a 2-3 block fork is detected.

This might be an equally effective but less centralized approach. What do you think?