3 ms·
> If coin price > mining cost / 2, it becomes worth it to acquire 51% of mining capability so you can vote the other 49% to yourself, no? No. The most powerful
by sirsar 13y ago
> If coin price > mining cost / 2, it becomes worth it to acquire 51% of mining capability so you can vote the other 49% to yourself, no?
No. The most powerful thing a 51% miner can do is roll-back transactions. The currency goes back to the spender, not to the miner.
- sigil 13y agoBut you can doublespend whatever coins you've got, and reject all other transactions, so the effect is the same. (You're right though, I phrased that incorrectly with "vote.")