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re: Bitcoin faces biggest threat yet: a miner takeover
Posted on 6/17/14 at 5:29 pm to joshnorris14
Posted on 6/17/14 at 5:29 pm to joshnorris14
josh, stop. You're making a fool out of yourself. Again.
But you probably enjoy doing that because you view yourself as a perpetual victim. That's why you're always paranoid about everything.
A government, or governments working together, could easily disable the vast majority of the computing power of networks just by shutting down the communications infrastructure temporarily and then impose their own resources to easily exceed the necessary 50%+ threshold to takeover the BTC hashing.
It could be done in a matter of hours. And then the entire protocol would be compromised. Permanently.
If you try to say it couldn't be done, you're just being stupid.
But you probably enjoy doing that because you view yourself as a perpetual victim. That's why you're always paranoid about everything.
A government, or governments working together, could easily disable the vast majority of the computing power of networks just by shutting down the communications infrastructure temporarily and then impose their own resources to easily exceed the necessary 50%+ threshold to takeover the BTC hashing.
It could be done in a matter of hours. And then the entire protocol would be compromised. Permanently.
If you try to say it couldn't be done, you're just being stupid.
1
Posted on 6/17/14 at 5:42 pm to LSURussian
Yea, someone is making a fool out of themselves, if they do that, the network will simply fork to the previous state prior to the communication shutdown.
If the communications between the nodes is disrupted they will only be compromising the bitcoin network until the communications between the nodes is rejoined. Once they see what happened when they were offline they can say "holy shite, we should really go back to block X and start working off of that chain.". Do you know what BLOCK CHAIN means?
Why do you continue to try to opine on this topic instead of educating yourself?
If the communications between the nodes is disrupted they will only be compromising the bitcoin network until the communications between the nodes is rejoined. Once they see what happened when they were offline they can say "holy shite, we should really go back to block X and start working off of that chain.". Do you know what BLOCK CHAIN means?
Why do you continue to try to opine on this topic instead of educating yourself?
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