kaal:claim:3441904-024

Hard forks can reintroduce the double spend problem, because wallets, merchants, and users running the previous code deem the new code invalid and cannot detect spending on it, so coins spent in a new block could be spent again on an old block.

Because wallets, merchants, and users running the previous code deem the new code invalid and thus cannot detect the spending on the new code, cryptocurrencies spent in a new block could be spent again on an old block.

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019), III.5 Socially Optimal Forks, p. 21
https://ssrn.com/abstract=3441904 · source PDF

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

• hard forks only, since old nodes read both block versions after a soft fork

mechanismsupport: arguedfailure: fork-induced-double-spendfamily: consensus-and-protocol-attackconsensus-and-securityeconomics

• restated_by kaal:claim:3808873-036 Forking bifurcates network nodes and can reintroduce the double spend problem the network had already solved, ...
• extended_by kaal:claim:3652481-018 Bifurcation of nodes in a decentralized network through forking can cause significant economic loss, errors, c...

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