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A blockchain is only as good as its network. And bitcoin happens to be on the biggest blockchain network to date.

• detaro 11y ago
  That you have to share with everybody else, with flooding attacks, ... For other categories of "good", the biggest network is not necessarily the best.
  • CydeWeys 11y ago
    Can you provide some links to these flooding attacks? I'm curious. I'm not aware of Bitcoin having seriously been impacted in this manner.
    • detaro 11y ago
      https://medium.com/blockcypher-blog/a-bitcoin-spam-attack-post-mortem-s-la-ying-alive-654e914edcf4 https://medium.com/blockcypher-blog/a-bitcoin-spam-attack-po...
      • CydeWeys 11y ago
        Interesting. It definitely sounds like it did some damage, but not a lot, and software has already evolved to handle it better. Plus, such an attack continues getting more and more expensive as the transaction fees you need to spend to keep it going get higher. Obviously I'm not saying this is a good thing for Bitcoin, but on the whole of things it seems like a blip. It's not like any of the fundamental algorithms underlying Bitcoin were seen to have vulnerabilities. And if I have to put up with increased transaction fees every so often during an attack in order to have a decentralized currency, well, there's worse things in the world.