4Mon
6. i slept well and the coffee pops extra blatantly --> i hack Foundry and Antpool to just crumble everything with a 51% attack :D
•
11
•
@Cype I'm not really worried about that (anymore) :)
What could you do in the worst case? A double spend before it gets noticed and the miners would change the pool...
Here is one of my favorite videos on the 51% attack by Andreas Antonopoulos:
https://x.com/terahash_space/status/1758140363674444211?t=CgXBKYZpLtjIVmOHLo40Iw&s=19
What could you do in the worst case? A double spend before it gets noticed and the miners would change the pool...
Here is one of my favorite videos on the 51% attack by Andreas Antonopoulos:
https://x.com/terahash_space/status/1758140363674444211?t=CgXBKYZpLtjIVmOHLo40Iw&s=19
••
4Mon
@stefan_21 You don't know my coffee :) ... the video assumes that X builds up the computing power to run the attack and not that existing computing power is hijacked. Yes, you're right, more than a "double spend" would probably not be possible for me (which might be enough ;-)) ... but the damage I would do would probably be gigantic. What do you think would happen then, who would come crawling out of the corners "Picture: Bitcoin hacked! Everything gone?" ... it would set BTC back light years, if not push it out of the mainstream altogether. What that would mean for the price should be clear. Don't you think?
•
22
•@Cype That's a good point about the media. The question I'm asking myself right now...
Wouldn't this 51% attack be noticed before the double spend and the miners pull their computing power from the pools?
I mean if suddenly more than half of the total computing power continues to mine offline and creates a longer chain to replace the current one, that would normally be noticed immediately🤔
But very good point from you and your coffee that I will think about :D
Wouldn't this 51% attack be noticed before the double spend and the miners pull their computing power from the pools?
I mean if suddenly more than half of the total computing power continues to mine offline and creates a longer chain to replace the current one, that would normally be noticed immediately🤔
But very good point from you and your coffee that I will think about :D
••
4Mon
@stefan_21 Sorry, but I can't let you in on the details of my plan!!!
No, seriously, you're right, it's absolutely theoretical and the big miners will (hopefully) realize that you're working on a "lazy block".
However, I don't see the chance of 0%, which is why you can philosophize about it :)
(as with quantum computers)
No, seriously, you're right, it's absolutely theoretical and the big miners will (hopefully) realize that you're working on a "lazy block".
However, I don't see the chance of 0%, which is why you can philosophize about it :)
(as with quantum computers)
•
11
•