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    Author Topic: Formalised Bitcoin Protocol Standard  (Read 10562 times)
    Mike Hearn
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    January 08, 2013, 09:25:24 AM
     #61

    I assume that the kerfuffle over "losing money" isn't about mining revenue.  Safe mode can be automatically deactivated if a valid chain once again becomes difficultywise-longest.

    Miners are the ones most exposed to losing money! At some point DeepBit accidentally got split onto a side chain because of a database corruption and he lost many thousands of dollars Sad

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    I suppose clients that do this are still "second class" in the sense that if you find a chain-splitting bug you can get them to pause until a human intervenes.  But it's definitely a distinct security class compared to SPV.

    There are hybrid proposals floating around for SPV clients that, on receipt of a "proof of problems" from a node would do enough work to fully verify the chain. The proof would contain enough data to help the SPV clients figure out the rule violation without needing a full database. It could work, somebody would need to try it.
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