Post
Topic
Board Beginners & Help
Re: 51 percent attack
by
AlexR12
on 07/12/2017, 17:50:26 UTC
Because it can only choose to not confirm/confirm certain transactions, it CAN'T decide for example that all the coins should be sent to the miner's adress.

I would say that "modifying" is the wrong word, rather changing/excluding certain transactions..

These are some better sources:

https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power
https://bitcoin.stackexchange.com/questions/658/what-can-an-attacker-with-51-of-hash-power-do
I assume by "it" you mean "an attacker". It seems to me a bit clear now, but... just to make sure I understand it right. Based on my understanding of Satoshi's paper it follows that 51% attacker will be able to extend any block in the chain with probability 1 (provided the attacker has unlimited resources). Is this true?
And my second question: according to your first link:"...exclude and modify the ordering of transactions". What is the attacker's gain of changing the ordering of transactions?

Thanks!