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by bigdaddyrabbit
2954 days ago
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> ...proof of stake will make this sort of attack 10k worse. With proof of stake there is essentially no resource cost. This is not true. For a 51% style attack on a PoS chain, you need to acquire a majority of staked coins. Each coin you buy increases the cost of the next coin, (demand/supply and all that), and the price of the coin increases exponentially as an attacker accumulates 51% of the coins. With PoW, cost of acquiring hashpower is linear (acquiring the last 1% costs the same as the first 1%), which is why PoW is easier to attack. |
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Not really. All you need is a controlling vote for enough confirmations. At 51%, you’re very likely to have a controlling vote. Below 50%, it’s still possible.