RE: An Analysis of Chinese Influence on Bitcoin

You are viewing a single comment's thread from:

An Analysis of Chinese Influence on Bitcoin

in cryptocurrency •  6 years ago 

Chris makes a good point that I never considered, 51% attack on the bitcoin network could be achieved by co-opting the mining pools? Is that a real potential risk?

cryptocurrency
6 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.17
  • Past Payouts $0.17
  • - Author $0.13
  • - Curators $0.04
2 votes
2
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  6 years ago (edited)

    Yeah, I wonder that too. Would not such an attack, if found out, render the whole bitcoin ecosystem worthless?

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.16
    • Past Payouts $0.16
    • - Author $0.12
    • - Curators $0.04
    3 votes
    [-]
      ·  6 years ago 

    Yes it would, so there is no real incentive for miners to do it.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      2 votes