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Common sense prevents me. How much value will it still have if there is a single miner? The integrity of the blockchain is ensured by the number of miners. Als
by jiggunjer 9y ago
Common sense prevents me. How much value will it still have if there is a single miner? The integrity of the blockchain is ensured by the number of miners.
Also the gold analogy is still flawed.
- thriftwy 9y ago> The integrity of the blockchain is ensured by the number of miners. No it is not. Even if you are a single miner you won't be able to pass incorrect transactions, such as moving other people's money or create coins out of nowhere.
- jiggunjer 9y ago51% attack?
- thriftwy 9y agoYou don't seem to understand how 51% attack works. It allows you to roll back correct transactions, but it does not allow you to perform incorrect transactions.
- jiggunjer 9y agoI never claimed otherwise. The ability to manipulate history affects the chain integrity. Perhaps integrity isn't the right word. Consistency?