Post
Topic
Board Development & Technical Discussion
Re: Stopping an attacker who has >50% of the hashing power
by
forgotmypassword6x
on 04/05/2011, 21:27:17 UTC
this is an absolutely terrible idea, in addition to the reasons gavin mentioned, because your "fix" has just actually allowed an attacker to take over the network with much less than 50%.  If your system means 95% of new clients cannot control the network, then 5% of old clients can.  So the 5% oldest miners just get together and collude to doublespend.