Post
Topic
Board Bitcoin Discussion
Re: Bitcoin topic on Quora.com
by
Gavin Andresen
on 23/01/2011, 18:45:47 UTC
From the Quora question:

Quote
The attack sould last 1h, spending those 400 BTC for 80 times instead of just 1

You can't spend 400 BTC 80 times in 1 hour.  If you control a majority of the generation you could spend them twice an an hour (assuming merchants require 6 confirmations).

So you need to divide your expected profit per hour by 40, making your ROI very, very negative.