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Author Topic: Bitcoinweekly suggests a guard against the 51% problem  (Read 574 times)
pokwer
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June 14, 2011, 01:42:38 PM
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So, since I'm a newbie and locked out of the main forum, I'll post my stupidnoobquestion here.  To be fair, it's probably for the best since I'd likely get flamed out for being a repetitive troll otherwise... but... I haven't seen this particular suggestion before:

From http://bitcoinweekly.com/articles/taking-down-the-bitcoin-network :
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If it is technically viable, I would suggest that the network be configured now to reject any block from a source with 50% or greater of the processing power. I'm afraid I don't have the technical knowledge to explain how, or even know if it's possible to pre-configure that, but it is something I would like to see, as it would close the only real security hole Bitcoin has.

Is this possible?  Is it a sensible solution?

Cheers.
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SomeoneWeird
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June 14, 2011, 01:44:38 PM
 #2

So, since I'm a newbie and locked out of the main forum, I'll post my stupidnoobquestion here.  To be fair, it's probably for the best since I'd likely get flamed out for being a repetitive troll otherwise... but... I haven't seen this particular suggestion before:

From http://bitcoinweekly.com/articles/taking-down-the-bitcoin-network :
Quote
If it is technically viable, I would suggest that the network be configured now to reject any block from a source with 50% or greater of the processing power. I'm afraid I don't have the technical knowledge to explain how, or even know if it's possible to pre-configure that, but it is something I would like to see, as it would close the only real security hole Bitcoin has.

Is this possible?  Is it a sensible solution?

Cheers.

AFAIK, theres no way for the network to know who the block is coming from.
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May 22, 2013, 05:50:40 AM
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need to get my post up so i can post some outside of Newbie thank

DONATE SOME BITCOIN TO ME Smiley
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