Removing Impediments to Bitcoin’s Success: A Risk Management Study

[LiteCoinGuy]

Removing Impediments to Bitcoin’s Success: A Risk Management Study

https://bitcoinfoundation.org/blog/wp-content/uploads/2014/04/Bitcoin-Risk-Management-Study-Spring-2014.pdf

[blatchcorn]

A 51% attack is way too probable for my likings.  This should be issue number 1 to fix.

[Mowcore]

A 51% attack is way too probable for my likings.  This should be issue number 1 to fix.

We got to 51% (again) and was there an attack?

[blatchcorn]

A 51% attack is way too probable for my likings.  This should be issue number 1 to fix.

We got to 51% (again) and was there an attack?

No there was not but the probability of an attack is still too high.  Just because something does not happen does not mean it is impossible.

[beatljuice]

While it still isn't impossible to have a 51% attack, I think the recent "scare" has moved enough people to P2Pool to reduce variance enough that it will be adopted more widely and greatly reduce the centralization.

[Harley997]

A 51% attack is way too probable for my likings.  This should be issue number 1 to fix.

We got to 51% (again) and was there an attack?

No there was not but the probability of an attack is still too high.  Just because something does not happen does not mean it is impossible.

I would argue that the entities that could launch a 51% attach (large pool operators, cloud mining sellers) have too much of a vested interest in the Bitcoin economy to launch a 51% attack and would end up loosing more then they could steal in such an attack.