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They could spend a lot of money and gain the ability to double spend and stall any (or all) transactions, but they couldn't create more coins than allowed or se
by rictic 13y ago
They could spend a lot of money and gain the ability to double spend and stall any (or all) transactions, but they couldn't create more coins than allowed or seize assets.
- sliverstorm 13y agoIf they control the network, can't they determine the mining difficulty? Difficulty is a single, unified knob that combined with the miners directly controls the rate of BTC generation. Also, if they can freeze (stall) certain wallets indefinitely, that's pretty much as good as asset seizure.