Post
Topic
Board Bitcoin Discussion
Re: Bitcoin first true enemy! Not the goverment, banks or police. It's Antpool.
by
bitart
on 25/08/2017, 16:10:41 UTC
Bitcoin is supposed to be resistant to any attacks, otherwise it wouldn't be able to work properly and won't have any significant value. Mining empty blocks - for whatever reasons, can be considered as "transaction withholding attack", and the network has mechanisms to deal with it - since this causes fees to go higher, honest miners are getting much more profit, and are able to afford more hashpower later, thus decreasing profits of attackers even further and even putting them in loss because of increased difficulty. We shouldn't take any actions like forking, banning Antpool, etc. The system will reach new equilibrium soon.
Interesting, but if there's someone/something that can finance that lost profit for a while, it could really cause some trouble.
What if those pools are sharing the loss of the empty blocks, I mean if all pools (mining empty blocks) are agreed (because of greed) for mining the empty blocks and sharing the loss for a period of time, to monopolize the mining?