Anyone in Boston next week? We’ve got our next BitDevs event on Tuesday Feb 28! We haven’t talked about ordinals yet… pray for our Socratic Seminar moderator 🙏🏼

Meetup

Boston BitDevs Meetup 13, Tue, Feb 28, 2023, 6:30 PM | Meetup

*This month we will be at MIT: building 4, room 237* *A big thank you to The [MIT Bitcoin Club](https://bitcoin.mit.edu/) for providing us with sp...

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.