6 ms·
That's a fundamental security assumption made by Nakamoto consensus. It's like assuming the discrete log problem is hard. If/when the assumption doesn't hold th
by tylersmith 6y ago
That's a fundamental security assumption made by Nakamoto consensus. It's like assuming the discrete log problem is hard. If/when the assumption doesn't hold the security is gone.
- Scoundreller 6y agoThat’s a better way of putting it. It’s a good argument for ASIC resistance and CPU dependence because it’s a lot harder to control General-Purpose CPU supply than ASIC supply. Meanwhile my regular joe laptop can earn double its electricity cost in Monero (before it thermally locks up).
- sedeki 6y agoI am not a hardcore bitcoiner, but the price would fall quickly if these few controlling nodes would do something malicious. Which is against their own interest.
- Scoundreller 6y agoProbably. But a core aspect of decentralization is that you shouldn’t need to trust a few others at all.
- codehalo 6y agoI think it's more like limits: Trust minimization, not trust elimination.
- GoblinSlayer 6y agoWho cares about technicalities, the point was to let people hold the system in their own hands.
- ChainOfFools 6y agoIn Trust we trust!