Post
Topic
Board Development & Technical Discussion
Re: Are blockchains truly distributed systems?
by
DooMAD
on 08/10/2020, 13:39:44 UTC
See your cousin forkcoin, BTG, as an example.  They suffered a hashrate attack because they failed to maintain the incentive to remain honest.
why go that far, the bcashsv's parent shitcoin called bcash was also 51% attacked last year in May because it is centralized and one mining cartel controls more than 90% of its hashrate.
https://www.coindesk.com/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack

True enough.  My recollection is somehow more vivid for the BTG one.  I had a vague memory it happened to BCH as well, but wasn't 100% sure.  BCH is definitely a much better comparison, though, since the estimated cost of attack is very similar to BSV.  Arguably, it's only a matter of time before someone decides the "vision" isn't panning out and does something naughty.  That said, would any BSV users even notice if their chain got attacked?  They all seem to be too blinded by fiction to see clearly.   Cheesy