[bitcoin-dev] Committed bloom filters for improved wallet performance and SPV security
tomh at thinlink.com
Thu Mar 16 15:05:11 UTC 2017
On 3/15/2017 5:25 PM, bfd at cock.lu wrote:
> compact fraud proofs in Bitcoin aren't possible
> In the white paper SPV clients have the same security as fully
> validating nodes
In addition to not existing, if compact fraud proofs did exist, trying
to ensure they are seen by SPV clients has the same problems as BIP37.
> in the implementation of BIP37 they have absolutely no security except
> the vague hope that they are not being lied to, and that the chain
> with the most work they are seeing is actually valid, both are very
> weak assumptions.
Since real money is involved, the near total absence of documented fraud
along these lines belies the strong language.
> During the validationless mining failure around the BIP66 activation
> miners produced 6 invalid blocks in a chain, and many more invalid
> blocks in isolated bursts for a period lasting several months. Due to
> the instability of the network you are completely unreasonable to
> accept anything except multiple confirmations
This affected all users, not just SPV.
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