As soon you start insult people because they don't agree with you, you lose argument
Logic doesn't have an ego.
I lose the attention of the Bitards who would prefer to remain in blissful delusion. Perfect.
I see the Bitcoin Wiki is incorrect:
https://en.bitcoin.it/wiki/Attacks#Attacker_has_a_lot_of_computing_powerThe attacker can't:
* Change the number of coins generated per block
* Create coins out of thin air
Can you try explain to me how they will able produce more coins?
Refer also to my immediately prior post.
Only miners can add coins with the coinbase transaction that is placed in each new mined block of the block chain.
If an attacker controls > 50% of the hashrate, the attacker will always have the longest block chain. So the attacker decides what is acceptable in the blocks.
The honest miners will reject any block chain which has more new coins in the coinbase transaction than was specified in Satoshi's whitepaper.
However, if the attacker has the longest chain, then the honest miners can ignore all they want, they will still have the shorter chain.
The entire double-spend security rests on the fact that only the longest block chain is valid.
So the only thing the honest miners
and honest non-mining nodes could do would be to fork the block chain. But the attacker can then attack the forked chain. And so on and so on. There is no escape.
Checkmate. You accept the new coins.
P.S. If the honest miners try to blacklist the attacker by IP, he can send to the network from innumerable IP addresses employing a $100 botnet rental. Once you go down that road, the entire network has to be blacklisted, so lights out. Checkmate. You accept the new coins.
I get it now you won the race you have 50% bitcoin network power you produce block and inside block is messag 'I'm with stupid' now you have block chain. Bitcoin transaction block,Bitcoin transaction block,Bitcoin transaction block,'I'm with stuppid',Bitcoin transaction block,Frank was here,Bitcoin transaction block,Bitcoin transaction block. Longest chain won.