4 ms·
The problem is that such an attack would be discovered and send the value of the token to zero , so you'd have a limited window to double spend into something e
by mattnewton 4y ago
The problem is that such an attack would be discovered and send the value of the token to zero , so you'd have a limited window to double spend into something else valuable but also not revokable.
- kQq9oHeAz6wLLS 4y agoLike many things, it'll pay to be first
- bushbaba 4y agoDiscovered when though. If done quickly enough the damage might already be done
- anonporridge 4y agostep 1; take out MASSIVE short position on coin. step 2; start your fleet of GPUs on a secret 51% attack. ... step n; profit.
- Aperocky 4y ago> step 1; take out MASSIVE short position on coin. You'll need to find a broker which both have and are willing to borrow that many coins for the coin you're about to attack.
- majewsky 4y agoWhat if you spread it out across different brokers? How much communication is going on there? With traditional stocks, short positions have a certain amount of transparency because of regulation as far as I know, but I imagine such regulation does not exist for cryptocurrencies.
- Aperocky 4y agoregulation doesn't exist, nor does the desired broker.