3 ms·
Perhaps your point is more subtle than i'm catching on to, but this is right out of the bitcoin paper abstract: "The longest chain not only serves as proof of
by jfoutz 11y ago
Perhaps your point is more subtle than i'm catching on to, but this is right out of the bitcoin paper abstract:
"The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers." https://bitcoin.org/bitcoin.pdf https://bitcoin.org/bitcoin.pdf
So, literally the group that burns the most energy/space/infrastructure is correct, as far as the system is concerned. if an attacker can burn more cpu, generate a longer chain, they win.