Post
Topic
Board Bitcoin Discussion
Re: Pools With a Significant Hashrate: A Realistic Double Spend Attack Taking 2 Hr
by
DamienBlack
on 07/07/2011, 08:17:11 UTC
Then the problem is insecure pool design.

I'm sorry.  Have I somehow missed what this entire thread is about?

Pools reduce the security of bitcoin.  End of line.

j

Yes, but listen. IT IS FIXABLE. And smart minds are working on it. It is only the current manifestation of the pool system that allow these pool attacks to work.

http://forum.bitcoin.org/index.php?topic=9137.0

It is possible to have pools work with zero pool attack risk. It is being worked on by smart people. The new system will probably be adopted soon (within 6 months).