Post
Topic
Board Bitcoin Discussion
Re: How to end Bitcoin with as little as 15% of hashpower efficiently
by
rix5
on 06/01/2015, 12:08:31 UTC
this attack dwarfs a 51% attack by several orders of magnitude. Does this attack have a name or wiki-page yet?

Wat? 15-20% is now "several orders of maginitude" different than 51%?


Can we get some numerically literate commentary PUHLEASE.

i was talking about the fatality of the attack which would be enorm compared to a little doublespend.
Do you even comprehend the topic or you just try to deny it without even looking at/understanding it?

What the guy means is total doomsday; and relatively cheap considered the possible successrate and impact.
To resolve this issue one would need to hardfork bitcoin and change difficulty retarget. It's a total vulnerability as it is now.