Post
Topic
Board Bitcoin Discussion
Re: Pools Owning About 50% of The Hashrate: A Realistic Attack Taking 2 Hours
by
DamienBlack
on 07/07/2011, 07:32:50 UTC

If an attacker has 50% of the hashrate (q = 0.5), then the math is completely off. No amount of confirmations is going to protect you against that.

Well, each additional confirmation buys you more time. It would take years (edit, only months, because of earlier difficulty) for someone with 51% to undo a transaction with 1000 confirmations.