Eugine_Nier comments on [tangential] Bitcoin: GHash just hit 51% - Less Wrong

5 Post author: David_Gerard 14 June 2014 08:31AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (18)

You are viewing a single comment's thread. Show more comments above.

Comment author: Eugine_Nier 15 June 2014 01:45:07AM 6 points [-]

The more damage you want to do the longer it takes.

Would having control of a massive number of computers for a few minutes be enough?

Definitely not. To give you a sense of scale, a new bitcoin block comes out every five minutes and it would take control of the block chain for multiple 'ticks' to do serious damage.

Comment author: [deleted] 16 June 2014 09:45:16AM 2 points [-]

a new bitcoin block comes out every five minutes

Ten minutes, on average.

Comment author: Eugine_Nier 17 June 2014 12:45:28AM 2 points [-]

Thanks.