Post
Topic
Board Economics
Re: Transactions Withholding Attack
by
AnonyMint
on 17/11/2013, 08:17:47 UTC
Oh, I see, so you envision a world in which everyone uses Amazon.com's wallet app. "The masses" may be stupid, but they're not so stupid that they'll use a wallet service that takes far longer than every other wallet service for their transactions to get confirmed.

Already rebutted in my immediately prior post where I mentioned Amazon accepting 0-confirmation transaction.

How can my ass be both smart and ignorant at the same time? Huh

It is your problem, not mine. Talk to your ass. Don't waste our time here.

I am much more intelligent than you know and much more well studied on these issues. Beware
Beware of what? Unlike you, I am not afraid of knowledge.

What "knowledge"?

A miner collects transactions then calculates a mathematical hash of them, then proceeds to search for a solution to the proof-of-work puzzle for that hash. If the miner finds the solution, the miner publishes it to (other miners and eventually it is published to) the blockchain.info.

So the blockchain.info only records transactions that have in already solved blocks.
Blockchain.info is a web service, and is unrelated to the Bitcoin blockchain except in name. Maybe you need to well study it some more.

I know that dufus. I was simplifying it for him, because he is a novice.

The point remains that the blockchain (either the decentralized protocol one or the web service copy of it) does not receive the withheld transactions until a block is solved by the miners withholding.

You are just making noise. You haven't made any point yet. Typical pompous idiot.

(I would have respected you, if you had respected me)