Bitcoin Q&A: Block reward, reorg protection, and immutability by Andreas M. Antonopoulos

in syndication •  3 years ago 


"What is the waiting period before miners can spend the block reward / coinbase transaction? Why does this protect against chain reorganization? How much energy would it take to reverse the chain back to the genesis block? Should we sustain immutability with proof-of-work or move to proof-of-stake?

These questions are from the Scottish Blockchain Meetup and the July monthly patron session, which took place on June 19th and July 27th 2019, respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:"

...Originally Posted on Andreas's Official YouTube Channel

Author Bio:

andreas a. bio.png

"Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in Bitcoin. He is the author of 'Mastering Bitcoin,' 'The Internet of Money' series, and 'Mastering Ethereum.'"

Steem Account: @aantonop
Twitter Account: aantonop
Official Website:
Youtube Account:

Steem Account Status: Claimed

Andreas created a Steem account a while back (February 2018) but has not posted regularly on the blockchain.

Similar to nearly every non-Steemian out there, Andreas likely still believes that the Steem blockchain only hosts the Steemit blogging platform. We would love to show him and others that Steem is the home of so many more amazing applications that have nothing to do with Steemit or Steemit, inc.

We believe that syndicating content for amazingly talented creators/educators such as Andreas is the perfect way to showcase what Steem is capable of.

Since Andreas has already claimed the aantonop account, we've set him as the 100% beneficiary to all the content we syndicate from his YouTube channel to the Steem blockchain.

We would love the opportunity to connect with Andreas and get him cross-posting to the Steem blockchain, so if you'd like to help in that mission, feel free to share our twitter and/or discord with him and his followers.

Andreas also put out a tweet back in February, 2018 confirming his ownership of the @aantonop Steem account.

What is Steemleo Content Syndication?

The Steemleo community is syndicating high-quality financial content from across the internet. We're also creating free Steem accounts for the authors of that content who have not yet discovered the Steem blockchain as a means to monetizing their content and we're listing those accounts as the 100% beneficiaries to all the rewards. If you want to learn more about Steemleo's content syndication strategy, click here.

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Andreas Antonopoulos already has a steem account @aantonop. If you are not aware I recommend to read his first and only post on the steem blockchain.