Will this also affect DASH: Some BTC Miners Generating Invalid Blocks

[GermanRed+]

Here is the original post:

https://bitcoin.org/en/alert/2015-07-04-spv-mining

Litecoin has the same problem. Do we have the same problem and an update to fix it if we do?

 

[crowning]

Here is the original post:

https://bitcoin.org/en/alert/2015-07-04-spv-mining

Litecoin has the same problem. Do we have the same problem and an update to fix it if we do?

Since it's not a protocol weakness there's no fix, no matter which blockchain you use.

People who are running a mining pool and are too greedy (don't want to run a full node) to verify whether the created blocks are valid or not are the problem.

 

[moli]

Here is the original post:

https://bitcoin.org/en/alert/2015-07-04-spv-mining

Litecoin has the same problem. Do we have the same problem and an update to fix it if we do?

I just had this discussion in IRC and Wolf0 said:

[09:35:42] <Wolf`> molly: I think whoever was stupid enough to mine to a light wallet should be taken out back and shot
[09:43:50] <Wolf`> Light wallets are insecure by nature
[09:43:58] <Wolf`> and only exist because people are whiny
[09:44:15] <Wolf`> and they want to use their coins without having the space and computing power it takes to be a part of the network
[09:44:36] <Wolf`> so they offload that part to a server admin, who may or may not lie to them about what's in the blockchain

 

[TanteStefana]

Eventually, masternodes will be serving up the blockchain for lite wallets, which is far safer and secure, as it's a decentralized source that must agree with itself and the miners.