📅 Original date posted:2014-01-04
📝 Original message:If you have the resources to attack one of the bigger altcoins, you
probably have a significant investment in the cryptocurrency space, and a
significant interest in protecting it. Compromising even something like
dogecoin would cause a lot of questions to be raised and likely drop the
value of bitcoin as well as all the cryptocurrencies using the same work
function as dogecoin.
Right now, there's very little benefit to attacking a significant currency,
because it would be very expensive and likely traumatize the whole system.
Unless it's some power like the NSA, I don't think there's much to worry
about.
On Tue, Dec 31, 2013 at 2:38 AM, <rob.golding at astutium.com> wrote:
> > But there's so much 'dry powder' out there (GPUs), I wonder if *not*
> > supporting merge-mining is any better? At least the attacker has to do
> > some unique PoW, so you hope it's costing them something.
>
> With lots of people having access to 100TH+ there's not really much
> 'cost' to doing a 51% attack on an alt-coin beyond a short-term
> diversion away from 'profitable' mining.
>
> At least by supporting merged mining, more miners are likely to
> 'support' multiple coin types, thus making a 51% attack from an
> individual/group less straightforward.
>
> >> The rational decision for a non-scam altcoin, is to take advantage of
> >> merged mining to get as much security as possible.
>
> Exactly.
>
> Rob
>
>
> ------------------------------------------------------------------------------
> Rapidly troubleshoot problems before they affect your business. Most IT
> organizations don't have a clear picture of how application performance
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>
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David Vorick [ARCHIVE] /
npub14h…9yjx0
2023-06-07 15:11:28
in reply to nevent1q…26y9
Author Public Key
npub14h948ndawt32ps3y225sslch8344tmw8k5z0lxuxr6wq9tu6sl2qj9yjx0Published at
2023-06-07 15:11:28Event JSON
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"content": "📅 Original date posted:2014-01-04\n📝 Original message:If you have the resources to attack one of the bigger altcoins, you\nprobably have a significant investment in the cryptocurrency space, and a\nsignificant interest in protecting it. Compromising even something like\ndogecoin would cause a lot of questions to be raised and likely drop the\nvalue of bitcoin as well as all the cryptocurrencies using the same work\nfunction as dogecoin.\n\nRight now, there's very little benefit to attacking a significant currency,\nbecause it would be very expensive and likely traumatize the whole system.\nUnless it's some power like the NSA, I don't think there's much to worry\nabout.\n\n\nOn Tue, Dec 31, 2013 at 2:38 AM, \u003crob.golding at astutium.com\u003e wrote:\n\n\u003e \u003e But there's so much 'dry powder' out there (GPUs), I wonder if *not*\n\u003e \u003e supporting merge-mining is any better? At least the attacker has to do\n\u003e \u003e some unique PoW, so you hope it's costing them something.\n\u003e\n\u003e With lots of people having access to 100TH+ there's not really much\n\u003e 'cost' to doing a 51% attack on an alt-coin beyond a short-term\n\u003e diversion away from 'profitable' mining.\n\u003e\n\u003e At least by supporting merged mining, more miners are likely to\n\u003e 'support' multiple coin types, thus making a 51% attack from an\n\u003e individual/group less straightforward.\n\u003e\n\u003e \u003e\u003e The rational decision for a non-scam altcoin, is to take advantage of\n\u003e \u003e\u003e merged mining to get as much security as possible.\n\u003e\n\u003e Exactly.\n\u003e\n\u003e Rob\n\u003e\n\u003e\n\u003e ------------------------------------------------------------------------------\n\u003e Rapidly troubleshoot problems before they affect your business. Most IT\n\u003e organizations don't have a clear picture of how application performance\n\u003e affects their revenue. With AppDynamics, you get 100% visibility into your\n\u003e Java,.NET, \u0026 PHP application. Start your 15-day FREE TRIAL of AppDynamics\n\u003e Pro!\n\u003e http://pubads.g.doubleclick.net/gampad/clk?id=84349831\u0026iu=/4140/ostg.clktrk\n\u003e _______________________________________________\n\u003e Bitcoin-development mailing list\n\u003e Bitcoin-development at lists.sourceforge.net\n\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140104/9c382479/attachment.html\u003e",
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