satsie 🇹🇭 🇱🇹 's avatar
satsie 🇹🇭 🇱🇹
satsie@bitcoindevs.xyz
npub1fhmm...nzcu
mom of two working on bitcoin in the margins of life. Co-organizer of Boston BitDevs - https://bostonbitdevs.org Sticker lady for The Bitcoin Dev Project - https://bitcoindevs.xyz Board of directors @ Payjoin Foundation: https://payjoindevkit.org get your zines here: https://satsie.dev/zines once referred to as “the sweetest bitcoin bro you’ll ever meet.” Only my son is allowed to call me a pond nugget.
satsie 🇹🇭 🇱🇹 's avatar
satsie 2 years ago
New article from #[0] that introduces a new tool, the Bitcoin Confirmation Risk Calculator. By providing it a percentage of hashrate a pool has, it tells you the likelihood the pool can successfully execute a reorg.
Cypherpunk Cogitations
How Many Bitcoin Confirmations is Enough?
How safe is it to accept a bitcoin transaction after X confirmations? A deep dive into the math behind quantifying double-spend risk.
 For example, with 35% of the hashrate, Foundry has a 73% chance of successfully executing a reorg for a block with 1 confirmation. For a block with 6 confirmations, it has a 28% chance!! That is so wild to me, I thought the percentage would be much lower.
↑