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Author Topic: Prevention of the 51%-attack  (Read 945 times)
Schwede65
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December 03, 2011, 02:53:24 PM
 #1

A little question by a non-coder:  Grin

Is it possible to change the code of all currencies that a 51%-attack can't be enforced?
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kokjo
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December 03, 2011, 04:56:14 PM
 #2

A little question by a non-coder:  Grin

Is it possible to change the code of all currencies that a 51%-attack can't be enforced?
yes but it would require a central Authority. which is more bad, than the risk of a 51% attack.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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December 03, 2011, 05:32:24 PM
 #3

Tools will one day be created that will mitigate 51% attacks with real world solutions. In a worst case scenario we can always point nukes at the server sites identified as primary attackers.   Wink

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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December 03, 2011, 05:58:43 PM
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Tools will one day be created that will mitigate 51% attacks with real world solutions. In a worst case scenario we can always point nukes at the server sites identified as primary attackers.   Wink

Or better yet, point Aunt Tillie at them.

The way I understand it is like corporate ownership -- if you let more than 51% out of your control, someone might buy it up and take over. Since the BTC model hands out "assets" to whoever wants to buy more computers, it's possible for a takeover. Expensive, but possible.
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