Post
Topic
Board Bitcoin Discussion
Re: Bitcoin topic on Quora.com
by
riggasconi
on 23/01/2011, 16:09:28 UTC
Hi Gavin,

thanks for your technical answer. You sound expert in the details of how Bitcoin works, I hope to learn more.

FreeMoney is absolutely right.

The only way to get 80 people to accept the same 400 bitcoins would be to control all of their bitcoin connections and feed them different versions of the block chain.

Satoshi Nakamoto writes in his white paper that it is not needed to control all of the bitcoin connections, but just a majority of them. Am I missing something ?

Quote
And THAT will be impossible, because the people you're trying to rip off (merchants selling stuff) are exactly the people with long-running, well-connected bitcoin nodes.

Please note that the attack I outline targets BTC users who are not pros.