5 ms·
50% is not arbitrary. If they have more than 50% they can pull off double spends at their discretion, if they have less than 50% there is some element of chance
by Igglyboo 12y ago
50% is not arbitrary. If they have more than 50% they can pull off double spends at their discretion, if they have less than 50% there is some element of chance.
- hartator 12y agoWhat infrusnet is saying, is you already have odds to double spending even with < 50%. You just have to try hard enough, by try hard enough, is doing a lot of transactions. Moreover, it's possible that one of the other 52% colludes with GHash.IO and they have more than 50%.
- infruset 12y agoOk, you mean because they can actually afford to ignore any other blockchain and just build on their own? Point taken. So 51% would be terrible, but 48% is 1) dangerously close to it 2) bad in itself because it allows for double spending eventually with reasonable probability.