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Actually, it would take an irrational state actor to attempt this and even then they might only be able to forge a few transactions before a fork was called. A
by kordless 10y ago
Actually, it would take an irrational state actor to attempt this and even then they might only be able to forge a few transactions before a fork was called. A hard fork is not assured to "crash" Bitcoin, so please don't present this as a forgone conclusion.
- SkyMarshal 10y agoOr a state actor that is rational given certain externalities. Just because Bitcoin is expensive to attack does not mean it's irrational under all possible circumstances to attack it. War is expensive too, but it happens. This is the fundamental problem when ledger security depends in part on economic incentives.
- kordless 10y agoI think you might be missing the issue around rationality, as it causes actors to do things that are predictable within a certain probability...and cost. An irrational actor does things for irrational reasons and as such does not consider cost or results an intent.