Post
Topic
Board Bitcoin Discussion
Merits 40 from 10 users
Topic OP
[Quiz] Answer the Bitcoin question and earn merits! #1
by
BlackHatCoiner
on 16/03/2024, 21:03:18 UTC
⭐ Merited by klarki (23) ,LoyceV (4) ,_act_ (3) ,hosseinimr93 (2) ,NeuroticFish (2) ,vapourminer (2) ,Amphenomenon (1) ,Zaguru12 (1) ,EL MOHA (1) ,DdmrDdmr (1)

I decided to start these forum quiz-series, where I'll be asking questions of educational character, to improve the average user's knowledge around Bitcoin. The questions will mostly be technical and historical. To create an incentive, I will generously merit the first person who replies with the correct answer. If that is not good enough incentive, I'll create a leaderboard!

  • Your answer needs to be explanatory. Not just a yes-no or a single number.
  • If nobody finds the answer until the cut-off date, I will submit it.
  • Have fun! It's a game.  Smiley



Question: The dominant mining pool, at the time of writing this, turns evil and uses its hash-power to reorg the chain. A customer of yours sends you a transaction. If you wait for 10 confirmations, what is the chance that the dominant mining pool successfully double-spends / reverses your transaction?

Cut-off date: 23/03/2024.