Bitcoin Forum
June 21, 2024, 12:00:38 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Minority fork possibility  (Read 414 times)
natd (OP)
Full Member
***
Offline Offline

Activity: 182
Merit: 102


View Profile
December 06, 2013, 05:17:00 PM
 #1

 In an hypotetical case a  country government decides to control bitcoin by buying 80% of all BTC available. Could the minority (20%) rebel against it and fork the block chain? Can the rebels produce less difficulty blocks in order to overcame the majority stake?  I'm just wondering if that is possible.

In search of light in cryptocurrency.
katoshi
Member
**
Offline Offline

Activity: 70
Merit: 10

to the core!!!


View Profile
December 06, 2013, 05:34:57 PM
 #2

i guess it would be easier to just switch to an altcoin

BTC 19snyDUzhDwxcNE2HV2HBiTGbmsKrzcZAV     LTC LiYqB2pvwbpYaSyXS6wVQUqmbE1MU58vB7
natd (OP)
Full Member
***
Offline Offline

Activity: 182
Merit: 102


View Profile
December 06, 2013, 06:03:13 PM
 #3

 Hmmm somebody thought of that already, and it seems possible: http://www.pcworld.com/article/2060840/selfish-miner-attack-could-devastate-bitcoin-researchers-say.html

In search of light in cryptocurrency.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!