Post
Topic
Board Development & Technical Discussion
Re: Massive txs leave bitcoin unsecure for a long time.
by
jonald_fyookball
on 17/05/2014, 03:54:52 UTC
Each blockreward is 25BTC=$11,000
It would cost at least $55,000 for someone to unspend a txs that is buried 5 blocks deep.


Yeah, it doesn't work that way. 

It's not like the cost of mining equipment is equal to the cost of 1 block,
in any way, shape, or form.

Unless you have 51% of the network, the odds of you building
the longest chain drop exponentially the more blocks you try
to unspend.