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In order to maintain network stability at current prices of Bitcoin, a massive amount of hashrate is required. Those altcoins that have become worthless and ar
by gridlockd 6y ago
In order to maintain network stability at current prices of Bitcoin, a massive amount of hashrate is required.
Those altcoins that have become worthless and are mined "just for fun" are only protected by the fact that they are worthless. Any attack would be a waste of resources. You could still attack them "just for fun" of course...
- trixie_ 6y agoNot really. They are cemented into those blockchains. Unless you have a way to back write a blockchain.
- thebean11 6y agoThat's kind of the point, you can back write a block chain with enough hash power. Just go back a few hundred blocks in the chain, and "fork" into an alternate chain. If your chain can catch up and become longer, you win. This happens on a micro scale every day, when two people "solve" the next block at the same time. Inevitably, one of those forked chains gets longer and the other one is abandoned or "orphaned".