Author

Topic: Incentives (Read 7867 times)

newbie
Activity: 7
Merit: 0
July 30, 2010, 09:52:48 PM
#3
Awwww snap.  The bitcoin wikipedia article has been deleted due to insufficient independent sources. 
legendary
Activity: 1652
Merit: 1186
Chief Scientist
July 28, 2010, 02:15:02 PM
#2
If you include a double-spent transaction in a block you generate, then that block will be rejected and you don't get your 50BTC reward.
newbie
Activity: 7
Merit: 0
July 28, 2010, 02:13:02 PM
#1
What's my incentive for checking for doublespending?  I know if everyone stopped the system fails, but, I'm best off if I can participate in the system while cheating by not performing this check since it consumes my resources.  If I understand this correctly, the only thing currently preventing me form cheating (besides lack of technical skill) is my own internal since of fairness & social good.  Is this correct?
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