Significant losses by double-spending unconfirmed transactions



Summary:

In this context, Matthieu thanks Simon for his bug report and states that they are working with ShapeShift to protect against the specific attack in the future. He also advises Simon to return the funds. Regarding Peter's accusations on social media, Matthieu says they have no idea why they are being targeted as Peter has never met their CEO and doesn't know their business model or objectives. They offer useful services for startups and are good actors in the space. However, as a startup, they are constrained by limited resources and hope to do more to help decentralization in the future. Milly Bitcoin brings up the issue of developers making hyperbolic statements without proper analysis, characterizing user activities as spam and Sybil attacks. Russ argues that this process of demonetization is a developer attack lacking proper incentives and rife with conflicts of interest. Finally, there is a discussion about how connecting to a large percentage of nodes on the network can be considered a Sybil attack and how it can make the Bitcoin network less reliable.


Updated on: 2023-06-10T02:44:25.261978+00:00