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Could the 51% "bug" in bitcoin actually be used to an advantage here? A 51% vote to invalidate all these transactions? I assume it doesn't work like that but f
by daxfohl 9y ago
Could the 51% "bug" in bitcoin actually be used to an advantage here? A 51% vote to invalidate all these transactions? I assume it doesn't work like that but figured I would ask.
- HappyTypist 9y agoNo, no one will agree to reverse transactions in bitcoin. When half a billion dollars got lost in MtGox no one agreed either.
- Mandatum 9y agoIt's a feat that could be leveraged, but the likelihood and work to do so would outweigh actually pulling it off. If this attack occurred against, for example, the CN government, they may step in and force miners to invalidate. This scale is world-wide, there's no loss of public image and the amount of BTC is very small in the scheme of things.