📅 Original date posted:2015-02-12
📝 Original message:> Yes, like any P2P network Bitcoin cannot work if a sufficiently large
> number of miners decide to attack it.
>
1. They won't be attacking Bitcoin, they will attack merchants who accept
payments with 0 confirmations. This attack has nothing to do with Bitcoin
consensus mechanism (as Bitcoin protocol doesn't provide a consensus over
mempool contents), thus it is not an attack on Bitcoin.
2. In the example I used, having 10% of hashpower is enough to offer 10%
success rate. Would you mind having 1 out of 10 hamburgers for free? If a
system can be attacked by a tiny fraction, it is a shitty system.
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Alex Mizrahi [ARCHIVE] /
npub1sw…pul5t
2023-06-07 15:30:11
in reply to nevent1q…c7k0
Author Public Key
npub1swfeusu3ua9trup00qcnrgc2yndksyvgku4epk5tec7u4fmrez6qxpul5tSeen on
wss://relay.nostr.bandPublished at
2023-06-07 15:30:11Event JSON
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"content": "📅 Original date posted:2015-02-12\n📝 Original message:\u003e Yes, like any P2P network Bitcoin cannot work if a sufficiently large\n\u003e number of miners decide to attack it.\n\u003e\n\n1. They won't be attacking Bitcoin, they will attack merchants who accept\npayments with 0 confirmations. This attack has nothing to do with Bitcoin\nconsensus mechanism (as Bitcoin protocol doesn't provide a consensus over\nmempool contents), thus it is not an attack on Bitcoin.\n2. In the example I used, having 10% of hashpower is enough to offer 10%\nsuccess rate. Would you mind having 1 out of 10 hamburgers for free? If a\nsystem can be attacked by a tiny fraction, it is a shitty system.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150212/a6b9081f/attachment.html\u003e",
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