3 ms·
Perhaps there are other entities who have an interest in undermining the Bitcoin network and who have the resources to compete in the mining space.
by clarkmoody 13y ago
Perhaps there are other entities who have an interest in undermining the Bitcoin network and who have the resources to compete in the mining space.
- maaku 13y agoThat would be a very contrived way to defeat bitcoin.
- tomrobinson 13y agoThey can already do that with a 51% attack anyway. Maybe I'm being naive, but I agree that I can't see the mining community letting such an attack happen.
- GhotiFish 13y agoIt's also realistic to say that if an attacking entity started a selfish pool, there would be a percentage of the population that would join that selfish pool. It's obviously the wrong move, but just because you're a sociopath doesn't mean you're smart. I hear people say to me all the time that it's "ok if I'm the only one doing it". If this papers strategy is effective, it is a realistic threat that lowers the bar necessary to destabilize the network. 33% to take over the network, but much less to start the ball rolling.
- eropple 13y agoMost of those entities have ways to undermine Bitcoin that look rather like this: http://xkcd.com/538/ http://xkcd.com/538/
- VMG 13y agothey'd need a lot of wrenches