Dramas per second are increasing on BSV: they just experienced a multiblock reorg at block 557301.
These nincompoops cannot operate their own network without shooting themselves in the foot. So much for the "small world" of miners that a certain fraud likes to blague about.
These nincompoops cannot operate their own network without shooting themselves in the foot. So much for the "small world" of miners that a certain fraud likes to blague about.
The miner who overwrote block 557301 was the same miner who overwrote it in the first place.
This has a few implications for PoW and even PoS. >>Thread
This has a few implications for PoW and even PoS. >>Thread
1. BSV have no idea what they are doing. You all knew this. Don't invest with a conman. Not much else needs to be said on this front.
2. This should not be possible in a decentralized system. You can only invalidate your own block and create a new tail if you're the majority miner. BSV is a centralized coin.
Why do they bother with mining. They are clearly no good at it. Use Oracle on Craig's laptop.
Why do they bother with mining. They are clearly no good at it. Use Oracle on Craig's laptop.
3. This should not be possible in a well-designed system. Clearly, the parameters they have selected are beyond the safety envelope of the network.
4. This shows that good nodes can issue conflicting statements. In a PoS system, this would be known as equivocation and lead to "slashing," ie. loss of staked funds.
Now, CSW deserves to lose funds for sheer idiocy, but the fact that they equivocated unwittingly should make you uneasy about protocols that slash the full staking amount because of a one time error.
