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re: Bitcoin faces biggest threat yet: a miner takeover
Posted on 6/17/14 at 5:42 pm to LSURussian
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?
1
Posted on 6/17/14 at 7:32 pm to joshnorris14
And btc would be compromised and dead.
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