Post
Topic
Board Bitcoin Discussion
The 3 most important questions about Blockchain Tech.
by
dylanlalonde_
on 10/11/2017, 20:43:10 UTC
Hi, I'm new here.


I have some simple questions:

1. If I had the money, resources, connections and influence, could I pretend to be a bunch of 'individual entities' but actually control more than 50% of a blockchain network such as bitcoin?

2. If yes to the above, and I successfully pulled off a '51% attack' to perhaps 'double spend', would I be able to pull this off without the bulk of the blockchain network's community becoming aware?

3. If yes to the above, what could happen in a '51% attack' on a blockchain network such as Ethereum if the 'smart-contract' replaced the government of an entire human settlement, like Dubai?


I believe a truly decentralized future is possible. I believe humans are capable of creating it. I am grateful for you taking the time to answer my questions.
Thank you.