Post
Topic
Board Exchanges
Re: Binance losing 7000 BTC and the consequences of a ROLL Back
by
feryjhie
on 08/05/2019, 11:45:03 UTC
Don't we have enough threads talking about this topic already?

https://bitcointalk.org/index.php?topic=5140532.0

https://bitcointalk.org/index.php?topic=5140544.0

More and more threads = Pointless FUD which is why I urge you to lock this thread and continue your discussion in one of the threads that I linked op.

My point isn't the hack. My point is the conversation taken place thereafter, about rewinding the clock and returning the funds using the 51% hash power, when I posted this I didn't see anyone else write about that simply about the hack.



The 51% "roll back" idea is quite interesting but what's the cost of implementing it.Binance is a big crypto exchange platform,but they don't have enough money to fund 51% hash power.What if they have to spend more than 40M USD in order to get back the stolen 40M USD?

I just read an article that he decided not to rollback bitcoin blockchain because of many factors like it may have some negative consequences, in terms of destroying the credibility for bitcoin