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Re: Predatory Sparrow 

By: De_Composed in GRITZ | Recommend this post (2)
Thu, 19 Jun 25 8:23 AM | 56 view(s)
Boardmark this board | Grits Breakfast of Champeens! 		Msg. 09945 of 18117
(This msg. is a reply to 09940 by monkeytrots)
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Zimbler0:

Re: mt's claim, “The correct answer is 'all but one' - One is NOT sufficient to provide valid transactions. At least TWO are required for validity.”My answer was correct. The entire global network would have to be destroyed. If even one node survived - or a backup for that matter - the blockchain would be intact and the distributed network could be reestablished. This is a far fetched enough scenario to not be worth worrying about though. Bitcoins are not kept on centralized servers and nothing short of an extinction-level event would take all the nodes out.

I'm wondering, though, whether I misunderstood your initial question - hence, the reason this post is directed to you. It's possible for the private keys that some services manage for their customers to be lost in a server crash. If the backups also fail - and I've know that to happen - then some of the customers' accounts would be unreachable.

Is that the scenario you were asking about? If it is, then I apologize for not understanding.






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The above is a reply to the following message:
Re: Predatory Sparrow
By: monkeytrots in GRITZ
Thu, 19 Jun 25 5:59 AM 		Msg. 09940 of 18117

Actually DE, I don't need to grok it.

You actually reworded exactly the same answer I gave Zim.

And we are both wrong. THey don't ALL have to go down.

The correct answer is 'all but one' - One is NOT sufficient to provide valid transactions. At least TWO are required for validity.

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