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by ayemiller 1931 days ago
I actually read the article and it has nothing to do with hating bitcoin. It delves into the logistics of a theoretical attack against Bitcoin's proof-of-work blockchain. Quite interesting if you're willing to put down your pitchfork.
1 comments

It's just a 51% attack with extra steps. PoW requires that you do the work. Making a big long fake chain with higher difficulty than the existing chain requires expending even more resources than the existing network. Not to mention you have to keep updating your fake chain every time a legit block gets accepted because all of the hashes will change. The idea is garbage.