Post
Topic
Board Service Discussion
Re: How could Pirate fuck your brains so well that even now many believe in him?
by
DeathAndTaxes
on 26/08/2012, 20:35:46 UTC
BTC owed 500,000
Interest per day BTC 5000
Generated BTC per day 6x24x50 = 7200

So he would only need to generate 69% of all Bitcoins to make good for the interest, without paying back anything of the debt.

No, he would only need to generate 51% of all blocks to be able to repay all his debt with 1BTC. 51% with asics is fairly trivial right now.

You keep making these claims.  51% attack doesn't allow you to spend coins which are not yours. So while in theory he could technically repay investors by stealing from them in a 51% attack you couldn't do it with 1 BTC.   He would need 550K BTC today and that number is continually increasing by 4 BTC per minute.