passive_fist 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: passive_fist 17 June 2014 07:56:59AM 0 points [-]

Many cryptocurrencies have been destroyed by 51% attacks. Under the hood, those currencies and bitcoin are virtually identical. The only difference is that bitcoin has a lot more riding on it and a lot more people who care. And that's really the only thing that could save it. It may be overblown to say this is the end of bitcoin, but it certainly is the end of the status quo. Something will have to change, either in the bitcoin protocol or community, if bitcoin wishes to remain afloat.

Comment author: David_Gerard 17 June 2014 12:49:49PM *  0 points [-]

Many cryptocurrencies have been destroyed by 51% attacks.

Would you have a link to a writeup of these handy? I'd like to read up on this.

(a request for info, not doubting it in the slightest)