Re:Ethereum 2.0 launches
by tylersmith on Tuesday December 01, 2020 @02:51PM
(#25269079)
You're just explaining the steps of the parent's scenario. The chain must keep accumulating work faster than any adversary could keep up with or everyone's money is at risk because the state never fully finalizes.
[ Parent
| on HN ]
Re:Ethereum 2.0 launches
by capnorange on Wednesday December 02, 2020 @12:59AM
(#25273660)
everyone's money is not at risk -- only the people who are transacting. There are also tools to know a estimate a good number of confirmations needed.
Re:Ethereum 2.0 launches
by tylersmith on Wednesday December 02, 2020 @04:18AM
(#25274744)
Everyone's money is the result of transactions, all transactions are at risk of being reorged, so everyone's money is at risk.
Those tools don't work in this chain death scenario of dwindling hash rate.
Re:Ethereum 2.0 launches
by capnorange on Friday December 04, 2020 @10:03AM
(#25302963)
> all transactions are at risk of being reorged
Satoshi's coins are always uneffected in case of a reorg. So if everyone else's who have never transacted since the reorg.
Chain reorg's are usually temporary even in chains with low security budget.