📅 Original date posted:2011-09-08
🗒️ Summary of this message: Bitcoin's alert system is crucial in case of network issues, especially against attackers with over 50% computational power, but it has never been used.
📝 Original message:On Thursday, September 08, 2011 3:43:12 PM theymos wrote:
> The alert system will be very important if there are ever any critical
> problems in the network. For example, it is currently Bitcoin's only
> defense against an attacker with >50% of the computational power, where
> alerts would be used to tell people to stop accepting transactions.
I don't seem to recall this ever happening, despite Deepbit having over 50%
multiple times now.
Luke-Jr [ARCHIVE] /
npub1dt…u7wrs
2023-06-07 02:24:03
in reply to nevent1q…ff68
Author Public Key
npub1dtr22xd42nv07un2xq0rmtkqkjylgsmexau0anxxafa9xmmn2ncshu7wrsPublished at
2023-06-07 02:24:03Event JSON
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"pubkey": "6ac6a519b554d8ff726a301e3daec0b489f443793778feccc6ea7a536f7354f1",
"created_at": 1686104643,
"kind": 1,
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"content": "📅 Original date posted:2011-09-08\n🗒️ Summary of this message: Bitcoin's alert system is crucial in case of network issues, especially against attackers with over 50% computational power, but it has never been used.\n📝 Original message:On Thursday, September 08, 2011 3:43:12 PM theymos wrote:\n\u003e The alert system will be very important if there are ever any critical\n\u003e problems in the network. For example, it is currently Bitcoin's only\n\u003e defense against an attacker with \u003e50% of the computational power, where\n\u003e alerts would be used to tell people to stop accepting transactions.\n\nI don't seem to recall this ever happening, despite Deepbit having over 50% \nmultiple times now.",
"sig": "e9659faa70bbbd1eeafe4bb6bc7658c80c2c27448b8fed14c4b4950dc481cd2c0d477ff3096f2a6455e24789079b61f7375436227c77bf4cd4747cd73d5c7f23"
}