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Not if it destroys the credibility of a rival coin, which I suspect could be the case here. Many in the "real Bitcoin" community call Bitcoin Cash a fraud becau
by dpiers 8y ago
Not if it destroys the credibility of a rival coin, which I suspect could be the case here. Many in the "real Bitcoin" community call Bitcoin Cash a fraud because its existence reveals the specious value of their "real" cryptocurrency.
Executing a double spend attack on Bitcoin Cash would be a massive success for Bitcoin owners. Same goes for Bitcoin Gold.
You could even create a mining pool/network - let's call it CoinFucker - where every now and then the pool's resources were diverted to attack a rival coin. Doing so damages that coin's reputation, and in doing so reduces the competition. This would be a great way for the majority of mining/computational power to squash would-be rivals.
- stordoff 8y agoI'm not sure in this specific case it would make sense for Bitcoin users. Unless you are already involved in cryptocurrencies, I'm not sure the average person is going to differentiate between "Bitcoin" and "Bitcoin Gold" -- the negative impression of "Bitcoin Gold hit by attack" is going to reflect on the original Bitcoin.