From c04bfa6832d4032afe271dffbec6f56aa6ad716a Mon Sep 17 00:00:00 2001
From: "David A. Harding"
Date: Sat, 4 Jul 2015 05:23:32 -0400
Subject: [PATCH] Alerts: SPV mining suggested changes
---
_alerts/2015-07-04-spv-mining.html | 27 ++++++++-------------------
1 file changed, 8 insertions(+), 19 deletions(-)
diff --git a/_alerts/2015-07-04-spv-mining.html b/_alerts/2015-07-04-spv-mining.html
index e9edd929..b2eb3b98 100644
--- a/_alerts/2015-07-04-spv-mining.html
+++ b/_alerts/2015-07-04-spv-mining.html
@@ -7,14 +7,16 @@ banner: "WARNING: many wallets currently vulnerable to double-spending of confir
This document is being updated as new information arrives. Last
update: 2015-07-04 09:00 UTC
-{% assign confs="15" %}
+{% assign confs="30" %}
Summary
Your bitcoins are safe if you received them in transactions confirmed before 2015-07-04 08:00 UTC.
-After that time, confirmation scores are not as reliable as they
-usually are for users of certain software:
+However, there has been a problem with a planned upgrade. For
+ bitcoins received later than the time above, confirmation scores are
+ significantly less reliable then they usually are for users of
+ certain software:
- Lightweight (SPV) wallet users should wait an additional {{confs}}
@@ -72,12 +74,9 @@ real.
consensus rules. Upgrade is recommended
to return to full node security.
- - Lightweight (SPV) wallets are not safe until all the major
- pools switch to full validation. After all the major pools fix
- their problems, lightweight wallets will remain vulnerable to one,
- two, or rarely three confirmation double spends until near 100% of
- total hash rate has upgraded to a BIP66-compliant version of
- Bitcoin Core.
+ - Lightweight (SPV) wallets are not safe for less than
+ {{confs}} confirmations until all the major pools switch to full
+ validation.
- Web wallets are very diverse in what infrastructure they
run and how they handle double spends, so unless you know for sure
@@ -125,16 +124,6 @@ real.
current recommendation of waiting {{confs}} extra confirmations to a
lower number.
-However, the BIP66 soft fork implementation method of waiting for
- only 95% of miners to upgrade does leave miner-trusting software such
- as lightweight wallets at increased risk of seeing invalid single
- confirmations (10% risk), invalid double confirmations (1% risk), and
- maybe even invalid triple confirmations (0.1% risk) until more of
- the 5% non-upgraded miners do finally upgrade. So for the next
- several weeks (maybe months), lightweight wallet users, web wallet
- users, and users of old versions of Bitcoin Core should wait an extra
- two to three confirmations.
-