You control the nodes/hash power, you control it all...easy 51% attack, especially if you have the early advantage on day 1. Even today, that's always been BTC's weakness, and it's been close to being exploited in the past.
And they would create it for easy offloading of large sums of money without nobody knowing, were you around to witness Silk Road? I was. Today is different compared to what it was in the beginning, it wouldn't be as easy.
51% attacks are noticeable. You never delete a copy of the blockchain, you keep the entire history. Like a git repo. Once you realize what’s happening, the honest nodes block out the attacker and resume from where they left off. All you need is a consensus from the honest nodes.
nah, man… you can control 51% of the nodes, the honest nodes will see what you’re doing and split the chain, you’ll have created your very own shitcoin with only you mining and verifying it.
why would black hats create something they have no way of controlling, and puts the power of OWNING money back into peoples’ hands?
You control the nodes/hash power, you control it all...easy 51% attack, especially if you have the early advantage on day 1. Even today, that's always been BTC's weakness, and it's been close to being exploited in the past.
And they would create it for easy offloading of large sums of money without nobody knowing, were you around to witness Silk Road? I was. Today is different compared to what it was in the beginning, it wouldn't be as easy.
51% attacks are noticeable. You never delete a copy of the blockchain, you keep the entire history. Like a git repo. Once you realize what’s happening, the honest nodes block out the attacker and resume from where they left off. All you need is a consensus from the honest nodes.
You cherry picked the 51% part, but stepped over the controlling of the nodes as I pointed out.
nah, man… you can control 51% of the nodes, the honest nodes will see what you’re doing and split the chain, you’ll have created your very own shitcoin with only you mining and verifying it.