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by riprowan 3474 days ago
> DoSing the network doesn't require you deanonymize them, merely that you can fill most of their anonymous routes with traffic

At best if you're "successful" then you merely take all the current Bitcoin users and scatter them into a hundred different competing and more anonymous cryptos. Oops.

In the south we have fire ants. The thing about fire ants is that if you disrupt the nest you had better kill them all, because if you mess with a nest today, in a few days you'll have 5 nests to deal with. And so on.

Crypto is like fire ants in this regard.

1 comments

1. The strength of a currency is its ability to be exchanged, so forcing them onto several (possibly themselves compromised) networks increases transaction costs and changes the economics significantly. Similarly, hardened networks likely impose additional overhead. Finally, smaller networks are easier to perform 51% attacks on. If you can break it in to 10 networks, you only need 1/10th the power to 51% them each in turn.

2. My point was about the strength of the bitcoin network as it stands. And I think you agree that it's both vulnerable and non-trivial to fix, so Im not actually sure what your point is.