Read_511 - Debunking the Empty Block Attack [Jimmy Song]

March 30, 2021 00:53:37
Read_511 - Debunking the Empty Block Attack [Jimmy Song]
Bitcoin Audible
Read_511 - Debunking the Empty Block Attack [Jimmy Song]

Mar 30 2021 | 00:53:37

/

Hosted By

Guy Swann

Show Notes

"The empty block attack is one where a majority of mining power would be directed at mining only empty blocks and rejecting non-empty blocks. These miners would essentially execute a soft-fork where all non-empty blocks would be rejected. Given that they have a majority of hashing power on the network, so the thinking goes, they will eventually get the longer chain even if other miners were to mine non-empty blocks. If only empty blocks are being mined, all activity on the network would stop and so, the thinking goes, Bitcoin would be killed." - Jimmy Song

With another bull market, comes another avalanche of the same old FUD. Today we hit an excellent little article from Jimmy Song taking the time to thoroughly debunk the again popular, "Empty Block Attack" scenario from a potential nation-state adversary. Don't miss today's article if you have been exhausted with answering the twitter flood of new people certain they have the inside secret to killing Bitcoin.

Debunking the Empty Block Attack:
https://jimmysong.medium.com/debunking-the-empty-block-attack-10513858b3f8

A huge thank you to our amazing sponsors:
SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

Today's Resource is Jimmy Song's "Programming Bitcoin," for those who really want to get into the dirty details of Bitcoin and how it works, and want to walk through the code and understand it on an entirely new level, this is the resource you are missing. Check it out at the link below:
https://amzn.to/2RSlnTb

For more amazing articles on this topic & all the other incredible works in the Bitcoin space, check out the 100s of great works in the Bitcoin Audible Library:
https://bitcoinaudible.com/?page_id=5764

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

August 29, 2023 00:42:39
Episode Cover

Read_761 - A Sound Bitcoin Financial System [Alex B]

"I believe it’s important to go back to what this sovereignty is made of. Bitcoin works because an economic majority is aligning incentives for...

Listen

Episode

April 01, 2024 00:53:27
Episode Cover

Read_812 - Congress is Criminalizing Privacy

"We know the law is unconstitutional. FinCEN knows the law is unconstitutional. FinCEN knows we know the law is unconstitutional. And yet we're supposed...

Listen

Episode

May 01, 2020 00:58:35
Episode Cover

Read_389 - Dear Family, Dear Friends [DerGigi]

"As a friend of mine likes to say: Bitcoin is pieces of super-gold flying inside an unstoppable PayPal. It is the best money we...

Listen