Post
Topic
Board Altcoin Discussion
Re: Solution to a 51% attack?
by
BitcoinEXpress
on 13/10/2013, 20:27:43 UTC

@1: They do not need to.. however most attacks do have this done, as they need to outrace the main blockchain to be successful! As I said before, it is possible to slow boat the system but a "slow-boat" style attack is much more noticeable.

@2: Plenty of "What ifs" in life, yes this doesn't protect us from every conceivable scenario, but it does stop some, you have to give it that.

@3: That will only be the case in the event of a multipronged 51% attack, which I'm fairly certain would be fatal if those "legit miners" were not cut off for 4 hours anyways. IMO It's like saying why wear a bulletproof vest when it cant protect you from an RPG?

Attention is good for our market right now.. I realize the optimal solution is to do things quietly, however right now there is plenty of attention on genuinely shitcoins that could be on GoldCoin.


Why do keep fixating on "longest chain"? ? ?

The longest chain does not determine the accepted chain. With no disrespect intended it is clear that you do not even have a basic fundamental understanding of 51% attacks or any other for that matter. Everything proposed as "protection" in this thread is flawed to say the least.


~BCX~