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it’s basically impossible to sustainably 51% Bitcoin or ETH at this point. You could 51% for an hour (maybe, if you can get that hash rate from nicehash for th
by rattlesnakedave 5y ago
it’s basically impossible to sustainably 51% Bitcoin or ETH at this point.
You could 51% for an hour (maybe, if you can get that hash rate from nicehash for that long, but I doubt you actually can), but what happens at the end of that hour? Would everyone simply throw their hands up, allow your double spend, and keep mining your chain? Likely not.
Andreas Antonopoulos has a good take on this for Bitcoin:
https://youtu.be/ncPyMUfNyVM https://youtu.be/ncPyMUfNyVM
- osigurdson 5y agoIt is interesting that it is no longer an algorithmic consensus among machines but rather a consensus among humans. Could anyone comment on how such "reversal" type discussions take place and how many actors are involved? If power is sufficiently concentrated the fact that this can occur is a bit of a concern in itself.