What is Nostr?
Erik
npub1ur8…58yl
2024-09-21 13:25:00

Erik on Nostr: This quote shows a major design pitfall that existed in early Bitcoin ...

This quote shows a major design pitfall that existed in early Bitcoin

It is strictly necessary that the longest chain is always considered the valid one. Nodes that were present may remember that one branch was there first and got replaced by another, but there would be no way for them to convince those who were not present of this. We can't have subfactions of nodes that cling to one branch that they think was first, others that saw another branch first, and others that joined later and never saw what happened. The CPU power proof-of-work vote must have the final say. The only way for everyone to stay on the same page is to believe that the longest chain is always the valid one, no matter what.
Author Public Key
npub1ur8m24ya8nmakn38xmuwr0yy7cjgdtm6gy54mpnudgcngkgyy55qxc58yl