Timeline for What stops miners/nodes lying about what time a block was mined?
Current License: CC BY-SA 3.0
5 events
when toggle format | what | by | license | comment | |
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Jan 5, 2014 at 2:57 | comment | added | user5107 | What basis are they rejected, specifically? Do you have a code sample? Thank you so much in advance! | |
Oct 17, 2012 at 18:15 | comment | added | David Schwartz | Miners collectively have a vested interest in keeping Bitcoins worth as much as possible. So the idea that miners would conspire to reduce the value of Bitcoins doesn't seem very likely to me. | |
Oct 17, 2012 at 9:32 | comment | added | Stephen Gornick | 51% or more of miners might collude to change timestamps, but my client still won't accept their blocks. So no, that isn't something the miners have control over. | |
Oct 17, 2012 at 7:32 | comment | added | BitPiggy | Yep that sounds right. Interestingly, I think non-mining nodes could start accepting blocks with invalid timestamps, and not been penalized while +51% of miners are honest (the longest blockchain will consist of valid blocks). Then when some threshold of non-mining-nodes-accepting-invalid-timestamps is reached, +51% miners could start generating invalid timestamps. Far fetched I know, but interesting to think about. At the end of the day, I guess such an attack would undermine confidence in bitcoin, and thus the benefit of such an attack. | |
Oct 17, 2012 at 6:15 | history | answered | ThePiachu | CC BY-SA 3.0 |