Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Schwede65 on December 03, 2011, 02:53:24 PM



Title: Prevention of the 51%-attack
Post by: Schwede65 on December 03, 2011, 02:53:24 PM
A little question by a non-coder:  ;D

Is it possible to change the code of all currencies that a 51%-attack can't be enforced?


Title: Re: Prevention of the 51%-attack
Post by: kokjo on December 03, 2011, 04:56:14 PM
A little question by a non-coder:  ;D

Is it possible to change the code of all currencies that a 51%-attack can't be enforced?
yes but it would require a central Authority. which is more bad, than the risk of a 51% attack.


Title: Re: Prevention of the 51%-attack
Post by: cbeast on December 03, 2011, 05:32:24 PM
Tools will one day be created that will mitigate 51% attacks with real world solutions. In a worst case scenario we can always point nukes at the server sites identified as primary attackers.   ;)


Title: Re: Prevention of the 51%-attack
Post by: Vanderbleek on December 03, 2011, 05:58:43 PM
Tools will one day be created that will mitigate 51% attacks with real world solutions. In a worst case scenario we can always point nukes at the server sites identified as primary attackers.   ;)

Or better yet, point Aunt Tillie at them.

The way I understand it is like corporate ownership -- if you let more than 51% out of your control, someone might buy it up and take over. Since the BTC model hands out "assets" to whoever wants to buy more computers, it's possible for a takeover. Expensive, but possible.