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I think Andreas Antonopoulos said in a video that it takes about half a billion dollars to fool the blockchain for 10 minutes. Even though that's a lot, if cer
by platz 13y ago
I think Andreas Antonopoulos said in a video that it takes about half a billion dollars to fool the blockchain for 10 minutes. Even though that's a lot, if certain actors (state or otherwise) got interested enough, wouldn't they manipulate the chain at critical moments for their advantage?
- alwillis 13y ago>I think Andreas Antonopoulos said in a video that it takes about half a billion dollars to fool the blockchain for 10 minutes. Even though that's a lot, if certain actors (state or otherwise) got interested enough, wouldn't they manipulate the chain at critical moments for their advantage? That's out-of-date now; the total computation power of the Bitcoin network is 25,824,939.77 GH/s. It would probably take a lot more than $500 million now.
- gwern 13y agoIt might take $500m to buy the hardware at current prices, but I'm sure you could bribe the ghash.io admins with well under $500m to hire their pool for a few minutes.