4 ms·
That's one worrying part. The one I'm more scared about is: it's not all clear to me what would happen if the network gets suddenly partitioned. With China app
by vmarsy 9y ago
That's one worrying part. The one I'm more scared about is: it's not all clear to me what would happen if the network gets suddenly partitioned. With China apparently having a big chunk of the mining power, what would happen if they decide to isolate all those miners via the 'Great Firewall'? And what happens if they keep mining, and after a few months the Firewall gates get re-opened?
My understanding is that the miners are important, without them you can't have a 'liquid market' of transactions, is that right? What's the risk if you loose a huge chunk of miners overnight?
- pc2g4d 9y agoWhichever chain's the deepest wins when they reunite, right?
- amq 9y agoThe real problem would be if some group of people gathered a mining majority. Losing a huge chunk of miners overnight would have just a short effect, till the network adapts the difficulty.
- vmarsy 9y agoYeah the famous '51% attacks'. I read some of the online resources in the subject, including the one swinglock mentions[1]. And yeah the answers are a bit outdated, like the 2013 on: 'As for the merge, this is still being discussed and we do not have a good contingency plan'. The answer seems to be the 'longest chain wins' ... so that's not a 100% convincing answer. Is there a way to know the distribution of nodes per country? [1] https://news.ycombinator.com/item?id=14594172 https://news.ycombinator.com/item?id=14594172
- swinglock 9y agohttps://news.ycombinator.com/item?id=14594172 https://news.ycombinator.com/item?id=14594172