3 ms·
Sure, but that is still a costly one-time attack. It only affects those who transfer coins, not those who hold them. So if you're holding wealth, it will be saf
by sillysaurus3 9y ago
Sure, but that is still a costly one-time attack. It only affects those who transfer coins, not those who hold them. So if you're holding wealth, it will be safe.
It will certainly tank te price for a little bit, but the market will readjust based on the probability that it will happen again.
And the theory is that miners would need to choose between spending $180k to execute this attack for a couple hours, causing relatively little damage, or just mining BCH faster than anyone else, which would increase their real-world bottom line.
The only one to do this consistently would be a government, probably. It's hard to imagine someone willingly burning $200k mostly for lulz. But I suppose BTC millionaires have more than enough, if they wanted to.
Also, why was this article flagged? That's frustrating. It was technical and informative. I don't see a vouch button either.
- QML 9y agoYour wealth may be safe, but what about people's trust in the network? This is an attack on morale. I'm curious to, however, whether a 51% attack has ever been pulled off.