SLP442 Joe Burnett Bitcoin Long Term Security and why ETH is doomed
Stephan Livera Podcast
00:00
Can Bitcoin Miners Manage a Zero Confirmation Risk?
In Bitcoin, things can be reorganized. But the more confirmations, the more blocks there are, the harder it is to reorganize. The report outlines two ways that users can mitigate attacks if they are worried about their finality of the transaction. If miners are doing an empty block attack and just mining empty blocks, this could be a state level actor that doesn't want anyone to transact on Bitcoin. That's effectively what all attacks stem from.
Play episode from 07:57
Transcript
