Attack of the Orphan Trolls

A few days ago, the Bitcoin (SV) blockchain had an event described as a six-block reorganization. For the trolls, they jumped on and declared it as a failure of the BSV chain. In reality, nothing was lost, not a fund was double spent, not a single transaction was rejected, not anything. Now, where did it really fail?

Let us understand, that a reorganization of blocks occur when two competing miners found a solution to the next block in almost exactly the same time. Their job is to propagate this block as fast as they can, so the rest of the miners can proceed building the next block on top of it. Since two blocks were found, there exist a temporary two chains where miners compete until the next block is found and propagated, so they can build on top of it again. This cycle moves on until a clear winner dominates the next block and eventually emerge as the main chain where all miners need to build-upon, resulting to what we call block reorganization, unr...

☠️☠️[1555839459] - WARNING - Bad IP - [185.222.211.70] - Unauthorised [401] - Brute force attacker [2(SERVFAIL)]