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Dec 28, 2017 at 23:54 vote accept Dave
Dec 28, 2017 at 2:45 comment added Murch @Dave: Timestamps are chosen by the author of the block and not necessarily accurate enough to be used as a tie breaker. The timestamp has fairly lose restrictions, it only has to be greater than the median time of the last 11 blocks and no more than two hours in the future.
Dec 28, 2017 at 0:00 comment added Dave So to put a bow on this, if nodes disagree on which block they saw first, couldn't they just use the timestamp of when that block was formed? Or am I misunderstanding how timestamps are used when calculating blocks?
Dec 24, 2017 at 16:58 comment added Murch If everyone always picked the first block that would be perfect, however, it's possible that nodes disagree on which block they saw first. If two blocks are found at the same height at almost exactly the same time (i.e. less than two seconds apart), it is possible that both propagate to part of the network and the one found later gets extended first. Then everyone would start following the new longest chain which wasn't built on the first found.
Dec 24, 2017 at 16:38 comment added Dave Thanks but its your use of the word "usually" taht is the basis for my question. Why not "always"? What bad things could happen if the system let the first node that confirmed transactions to win?
Dec 23, 2017 at 3:58 history answered Murch CC BY-SA 3.0