Author: James MacWhyte 2016-08-10 04:31:11
Published on: 2016-08-10T04:31:11+00:00
The discussion revolves around the verification process of transactions on the blockchain. The concern is raised about the possibility of duplicate spend proofs, where a troll can reference the same output as the authentic transaction and trick miners into mistakenly verifying it. Tony Churyumoff suggests that for a double spend to occur, the proof needs to be signed by the same user who made the original transaction. However, James MacWhyte argues that this is not enough protection against trolls. He provides an example where Alice sends Bob a transaction generating output C, and Timothy broadcasts a transaction referencing C's output as its spend proof. The miners cannot tell if it's valid or not and include it in a block, rendering Bob's money useless. There seems to be no foolproof method to protect against such trolls.
Updated on: 2023-06-11T19:25:03.942602+00:00