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Minority fork possibility
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Topic: Minority fork possibility (Read 426 times)
natd
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Minority fork possibility
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
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to the core!!!
Re: Minority fork possibility
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
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Re: Minority fork possibility
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.
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