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Comment by PaperclipTaken

"A common misconception is that transactional confidence is based on time"

Transactional confidence is based on the probability of someone compromising the network for enough blocks to undo a spend that you've already honored (IE you gave them what they paid for, then they undo the transaction). At 6 blocks, you are assuming that an attacker won't have the computational power to reverse 6 blocks in a row.

When blocks come out every 2 hours, that means you need to find every single block for 12 hours, or essentially control the blockchain for a long time.

When the block rate is down at 5 minutes, you only need to control the network for 30 minutes - you have more chances to get lucky and undo 6 transactions in a row in your 12 hours of purchased computing time.

A halved block rate does not mean you need less computational power, but it does mean that computational power is probably cheaper and 6 blocks worth of power is going to be more affordable.

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