Post
Topic
Board Bitcoin Discussion
Re: Pools Owning About 50% of The Hashrate: A Realistic Attack Taking 2 Hours
by
mrb
on 07/07/2011, 08:16:49 UTC
Well in that case, the attack would have to be ongoing for as much time as the number of confirmations. In the two hour attack, you can go undo 6 confirmations, in a two month attack, you could undo 600 confirmations (or whatever). Confirmations is still linked to time somehow.

Right. Got you.

Personally, I would urge exchange owners to require 144 or 288 confirmations (nominally 24 or 48 hours).