TimeBits (OP)
Member
Offline
Activity: 224
Merit: 62
|
|
June 09, 2019, 07:55:16 AM Last edit: June 10, 2019, 01:58:22 AM by TimeBits |
|
Title says it all Why is using 51% hashing power stronger than using 51% of the people on the network? I don`t think it is. Why not use 51% of the people on the network instead of 51% of the hashing power? in a new Crypto I guess fiat morons would just dominate it anyways without time as the medium of exchange same as the current system but instead of buying computers they just buy people.
|
|
|
|
achow101
Staff
Legendary
Offline
Activity: 3542
Merit: 6886
Just writing some code
|
How do you use 51% of people? How do you determine that someone is a different person from someone else online? Are you going to collect everyone's IDs? Who is going to store those IDs?
Determining individuals is basically impossible to do and is easily gameable by individuals such that some people get more power than others without those others necessarily knowing.
Also, Bitcoin doesn't use 51% mining power for anything except 51% attacks.
|
|
|
|
khaled0111
Legendary
Online
Activity: 2702
Merit: 3041
Top Crypto Casino
|
|
June 09, 2019, 09:19:50 AM Last edit: June 09, 2019, 09:36:07 AM by khaled0111 Merited by Jet Cash (5), OgNasty (1), ABCbits (1) |
|
Hashing power is for hardwares not for humans.
It doesn't matter how many people there are or how many machines you are running. What matters is how powerful these machines are.
Please remove the GIF.
|
|
|
|
bitmover
Legendary
Online
Activity: 2478
Merit: 6312
bitcoindata.science
|
|
June 09, 2019, 06:44:41 PM |
|
51% of hashing power is also 51% of the total energy. Energy is something valuable in our world, and will continue to be for as long as we can foreseen.
It is very plausible that the secure of the network is based on that.
51% of people doesn´t make much sense, as you can´t be sure if people are real, like achow101 said.
As I read somewhere in this forum, democracy is vulnerable to 51% attack. People can be bought and manipulated.
|
|
|
|
Upgrade00
Legendary
Offline
Activity: 2212
Merit: 2365
Playgram - The Telegram Casino
|
|
June 09, 2019, 07:07:03 PM |
|
51% of the total people on the network may not amount to 50%> of the total hashing power, it depends on the amount of energy being expended and computing power. The idea is not to use any or launch an attack on the network.
|
|
|
|
▄▄███████▄▄███████ ▄███████████████▄▄▄▄▄ ▄████████████████████▀░ ▄█████████████████████▄░ ▄█████████▀▀████████████▄ ██████████████▀▀█████████ █████████████████████████ ██████████████▄▄█████████ ▀█████████▄▄████████████▀ ▀█████████████████████▀░ ▀████████████████████▄░ ▀███████████████▀▀▀▀▀ ▀▀███████▀▀███████ | ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ Playgram.io ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | ▄▄▄░░ ▀▄ █ █ █ █ █ █ █ ▄▀ ▀▀▀░░
| │ | ▄▄▄███████▄▄▄ ▄▄███████████████▄▄ ▄███████████████████▄ ▄██████████████▀▀█████▄ ▄██████████▀▀███▄██▐████▄ ██████▀▀████▄▄▀▀█████████ ████▄▄███▄██▀█████▐██████ ██████████▀██████████████ ▀███████▌▐██▄████▐██████▀ ▀███████▄▄███▄████████▀ ▀███████████████████▀ ▀▀███████████████▀▀ ▀▀▀███████▀▀▀ | | │ | ██████▄▄███████▄▄████████ ███▄███████████████▄░░▀█▀ ███████████░█████████░░█ ░█████▀██▄▄░▄▄██▀█████░█ █████▄░▄███▄███▄░▄██████ ████████████████████████ ████████████████████████ ██░▄▄▄░██░▄▄▄░██░▄▄▄░███ ██░░░█░██░░░█░██░░░█░████ ██░░█░░██░░█░░██░░█░░████ ██▄▄▄▄▄██▄▄▄▄▄██▄▄▄▄▄████ ███████████████████████ ███████████████████████ | | │ | ► | |
[/
|
|
|
|
TimeBits (OP)
Member
Offline
Activity: 224
Merit: 62
|
|
June 10, 2019, 12:22:46 AM Last edit: June 10, 2019, 09:29:33 AM by TimeBits |
|
How do you use 51% of people? How do you determine that someone is a different person from someone else online? Are you going to collect everyone's IDs? Who is going to store those IDs?
Determining individuals is basically impossible to do and is easily gameable by individuals such that some people get more power than others without those others necessarily knowing.
Also, Bitcoin doesn't use 51% mining power for anything except 51% attacks.
filesharing, take a picture of your eye/fingerprint, gg wp. (it is already built into the ardor/bitswift network) The filesharing can check for dupes on the blockchain, so you can only have 1 account, in theory. here is a eye captcha https://www.youtube.com/watch?v=l4x0vOAu0lQyou can do the same with fingerprint here is the file sharing https://youtu.be/Y7TLFyK_3Pk?t=965 I explain it briefly in this check out www.bitswift.network wallet (login top right). p2p exchange, file sharing, decentralized voting, asset creation etc.
|
|
|
|
TimeBits (OP)
Member
Offline
Activity: 224
Merit: 62
|
|
June 10, 2019, 12:41:46 AM Last edit: June 10, 2019, 01:23:10 AM by TimeBits |
|
How do you use 51% of people? How do you determine that someone is a different person from someone else online? Are you going to collect everyone's IDs? Who is going to store those IDs?
Determining individuals is basically impossible to do and is easily gameable by individuals such that some people get more power than others without those others necessarily knowing.
Also, Bitcoin doesn't use 51% mining power for anything except 51% attacks.
The blockchain stores the IDs I will go more in depth in this post, keep in mind I am just a random pro gamer/farmer I am not a coder so I really need your help achow101, I am not affiliated with ardor or bitswift other than being on of them`s little brother who really likes the concepts of everyone making the money and everyone voting on where their taxes go. Person creates a unnamed coin address, in order to make one they upload a picture of themselves, gov id, eyes, fingerprint. The system checks to make sure there is no duplicates using back track. from then this happens. https://bitcointalk.org/index.php?topic=5151153.0 (look at the 3rd pic down and 4th pic) I can explain better on voice, I think this is the future brother. I know you can make it better then a farm boy who dropped out of school in grade 3, achow101 do not do it for self profit, do it for the profit of all of humanity and it will come out great, think what world do you want your kids in? one where they are working for another mans money supply, voting people to vote for them or one where they can vote, they make the money supply, equally (until people enterprise and get more)
|
|
|
|
TimeBits (OP)
Member
Offline
Activity: 224
Merit: 62
|
|
June 10, 2019, 01:24:40 AM |
|
Hashing power is for hardwares not for humans.
It doesn't matter how many people there are or how many machines you are running. What matters is how powerful these machines are.
Please remove the GIF.
yes, my point exactly, the rich get richer in the future with bitcoin, also there is no future for the people born after 2045, they don`t get a chance to mine! What kind of distribution is that? https://www.youtube.com/watch?v=jYJVG1fKnRo this is the future of that world, I played in it, killed the king twice (who was AI hacker) made 4 bitcoin in a few clicks. SPOILER: EVERYONE DIES, EVEN THE LAST TRIBE KILLS ITSELF, SPOILER: LIFE IS A BLOCKCHAIN, MY ACTIONS LOCKED IN TIME IN THAT BLOCKCHAIN huntercoin was a human mineable crypto like a gold/bitcoin simulation, then bots took over. Now, What if there was a way to do it by address rather than number of machines and how powerful the machines are? Insuring only 1 address can be created per person
|
|
|
|
seoincorporation
Legendary
Offline
Activity: 3332
Merit: 3116
|
|
June 10, 2019, 01:30:47 AM |
|
Because the network will work as the miners decide it work, if 51% of the miners decide to change their code to make the network works differently it will change because the network gives the order to work that way, but if 51% of the users take some decision to change the network, they need the miners to apply this change, without them it would be impossible.
|
|
|
|
TimeBits (OP)
Member
Offline
Activity: 224
Merit: 62
|
|
June 10, 2019, 02:08:06 AM Last edit: June 10, 2019, 02:56:27 AM by TimeBits |
|
How do you use 51% of people? How do you determine that someone is a different person from someone else online? Are you going to collect everyone's IDs? Who is going to store those IDs?
Determining individuals is basically impossible to do and is easily gameable by individuals such that some people get more power than others without those others necessarily knowing.
Also, Bitcoin doesn't use 51% mining power for anything except 51% attacks.
filesharing, take a picture of your eye/fingerprint, gg wp. (it is already built into the ardor/bitswift network) The filesharing can check for dupes on the blockchain, so you can only have 1 account. here is a eye captcha https://www.youtube.com/watch?v=l4x0vOAu0lQyou can do the same with fingerprint here is the file sharing https://youtu.be/Y7TLFyK_3Pk?t=965 I explain it briefly in this check out www.bitswift.network wallet (login top right). p2p exchange, file sharing, decentralized voting, asset creation etc. Inb4 no more dead people voting and hacked elections. (wait there is no elections?) people just vote on issues and get paid for it? They vote where the tax funds go WOW and they get paid for it? WOW
|
|
|
|
pragna
|
|
June 10, 2019, 04:22:44 AM |
|
Obviously hastage power is very strong here. 51% people is not very important here, important is their honesty in their work. But in hastage 51%, it has 100% honesty by blockchain if we input correctly. It is totally impossible to dishonesty in blockchain by hastage to here 51% hastage is more stronger than 51% people.
|
|
|
|
TimeBits (OP)
Member
Offline
Activity: 224
Merit: 62
|
|
June 10, 2019, 04:25:12 AM |
|
Obviously hastage power is very strong here. 51% people is not very important here, important is their honesty in their work. But in hastage 51%, it has 100% honesty by blockchain if we input correctly. It is totally impossible to dishonesty in blockchain by hastage to here 51% hastage is more stronger than 51% people.
We have 100 people in a gym. Sally has 51% of the hashing power and wants to play basketball (shes a rich bitch) this girl on my left The other 99 people have 49% of the hashing power and want to play soccer GG WP, great because of 1 fuck we are stuck playing basketball. THANKS SALLY!
|
|
|
|
CryptoBry
|
|
June 10, 2019, 04:41:32 AM |
|
Obviously hastage power is very strong here. 51% people is not very important here, important is their honesty in their work. But in hastage 51%, it has 100% honesty by blockchain if we input correctly. It is totally impossible to dishonesty in blockchain by hastage to here 51% hastage is more stronger than 51% people.
We have 100 people in a gym. Sally has 51% of the hashing power and wants to play basketball (shes a rich bitch) The other 99 people have 49% of the hashing power and want to play soccer GG WP, great because of 1 fuck we are stuck playing basketball. THANKS SALLY! But it is really possible that one person can own or control or influence 51% of the hashing power? I love your analogy except that in the real world it rarely happens maybe except if Sally is the owner of the basketball gym but in that case the other 99 can just get out of the gym and play whatever they want. Again, except if Sally own the minds of the other 99 and she can program them as robots.
|
|
|
|
figmentofmyass
Legendary
Offline
Activity: 1652
Merit: 1483
|
|
June 10, 2019, 04:54:05 AM |
|
in the context of 51% attacks (and that's really the only relevant context), it's not.
with POW, nodes validate back to the genesis block. in order to "roll back" transactions, a 51% attacker must build a longer chain. this has huge financial costs.
with POS, these costs don't exist. once an attacker achieves 51% of the stake, they control the entire history of the blockchain. they could in fact erase the blockchain and all inputs at no additional cost.
as others have pointed out, 51% "of the people" can't be measured in an online system, but i thought maybe this was heading towards a discussion of POS consensus.
|
|
|
|
achow101
Staff
Legendary
Offline
Activity: 3542
Merit: 6886
Just writing some code
|
|
June 10, 2019, 08:19:52 PM |
|
We have 100 people in a gym.
Sally has 51% of the hashing power and wants to play basketball (shes a rich bitch) this girl on my left
The other 99 people have 49% of the hashing power and want to play soccer
GG WP, great because of 1 fuck we are stuck playing basketball.
THANKS SALLY!
Bitcoin isn't a voting system. Having 51% of the hashrate does not mean that you get to dictate what happens on the blockchain or in Bitcoin.
|
|
|
|
Nadziratel
Sr. Member
Offline
Activity: 1568
Merit: 321
★777Coin.com★ Fun BTC Casino!
|
|
June 10, 2019, 08:42:15 PM |
|
I think a 51% attack is impossible for global networks like Bitcoin. Nobody can hold that kind of power alone.
In addition, even if this attack is carried out on a network like Bitcoin, everyone will lose it, including the attacker! So for Bitcoin, I think we can close the matter completely. In other networks, the right ones will reach the same situation in the future.
|
|
|
|
Adriano2010
|
|
June 10, 2019, 08:54:52 PM |
|
I also think miners will not accept a 51% atack on bitcoin network, you can't use people for mining bitcoin, because bitcoin already has and algorithm and only ASIC miners can mine bitcoin.
|
|
|
|
dothebeats
Legendary
Offline
Activity: 3766
Merit: 1354
|
|
June 10, 2019, 09:35:22 PM |
|
the rich get richer in the future with bitcoin, also there is no future for the people born after 2045, they don`t get a chance to mine! What kind of distribution is that?
No point somewhere in the whitepaper that bitcoin is created to be an equalizer for the rich and the poor, only a tool to help people be their own banks and a digital currency at best. If this is about equality, you must be on the wrong universe, my friend. We have 100 people in a gym. Sally has 51% of the hashing power and wants to play basketball (shes a rich bitch) this girl on my left The other 99 people have 49% of the hashing power and want to play soccer GG WP, great because of 1 fuck we are stuck playing basketball. THANKS SALLY! Nice try explaining this but honestly, Sally wouldn't be able to do what she wants to do in the long run if those 99 people left the gym and she has no one to play with. Having said that, in bitcoin, if someone went insane and has 51% of the hashing power and tried to fuck with the network, most people would surely dump before huge changes are made in the blockchain. By then, the 51% attack would be rendered useless because the coins are essentially worthless since everyone left. I think a 51% attack is impossible for global networks like Bitcoin. Nobody can hold that kind of power alone.
Well at some point in time, some asshole had it, but decided not to because they know what the results of their action will be. In addition, even if this attack is carried out on a network like Bitcoin, everyone will lose it, including the attacker!
Exactly.
|
|
|
|
TimeBits (OP)
Member
Offline
Activity: 224
Merit: 62
|
|
June 11, 2019, 01:33:44 AM Last edit: June 11, 2019, 04:14:38 AM by TimeBits |
|
the rich get richer in the future with bitcoin, also there is no future for the people born after 2045, they don`t get a chance to mine! What kind of distribution is that?
No point somewhere in the whitepaper that bitcoin is created to be an equalizer for the rich and the poor, only a tool to help people be their own banks and a digital currency at best. If this is about equality, you must be on the wrong universe, my friend. We have 100 people in a gym. Sally has 51% of the hashing power and wants to play basketball (shes a rich bitch) this girl on my left The other 99 people have 49% of the hashing power and want to play soccer GG WP, great because of 1 fuck we are stuck playing basketball. THANKS SALLY! Nice try explaining this but honestly, Sally wouldn't be able to do what she wants to do in the long run if those 99 people left the gym and she has no one to play with. Having said that, in bitcoin, if someone went insane and has 51% of the hashing power and tried to fuck with the network, most people would surely dump before huge changes are made in the blockchain. By then, the 51% attack would be rendered useless because the coins are essentially worthless since everyone left. I think a 51% attack is impossible for global networks like Bitcoin. Nobody can hold that kind of power alone.
Well at some point in time, some asshole had it, but decided not to because they know what the results of their action will be. In addition, even if this attack is carried out on a network like Bitcoin, everyone will lose it, including the attacker!
Exactly. I mean if you are going to make a money supply, make it fair or KYS! I think you are all missing the point the attacker (fed banker) could not give a shit about bitcoin or money profit and be a billionaire/trillionaire already, and ruin the network for the rest of us. So there money supply FIAT can prevail in the markets. (what will you do when they have 51% of the hashing power) START ANOTHER CHAIN? THEY WILL FUCK THAT ONE AS WELL! You all assume the attacker wants something to do with bitcoin after the ATTACK. Ever seen a JIHAD bomber?:THINKING:
|
|
|
|
|