3 ms·
And control of the block chain can be taken over in minutes too. As far as I am aware the network updates itself every 10 minutes. So unless the operator never
by monochr 13y ago
And control of the block chain can be taken over in minutes too. As far as I am aware the network updates itself every 10 minutes. So unless the operator never has a period of more than 10 minutes of 51% control or more the network is vulnerable.
- waterlesscloud 13y agoThis started out as discussion of power, in particular regarding the robber barons who "enslaved" large numbers of people. That's not possible with the mining pools. The pool operators simply do not have that kind of power, and they will never have it. Their power derives from people who can leave them by literally clicking a button. Not much room for power to be abused in that situation. Yes, there could be a window of maybe 20-30 minutes when a pool operator could do something wrong. But that window would come to a swift end. And that's not what this thread is about anyway.