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by kybernetikos
1369 days ago
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There's a common misconception that once you have >51% you can do anything. This isn't true. There's plenty of mischief you might get away with (censoring, double spending), but you can't transfer other peoples money without their private key, and you can't change the rules of the protocol. You can probably tank the value of the currency by doing large enough double spends and causing problems, but in PoS importantly you're hurting yourself more than anyone else, while in PoW, you still have a bunch of useful hardware left over after the attack, and with hash power marketplaces you can attack a PoW chain while having more or less no investment in the chain itself. |
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Censoring is more plausible, though of course it still hurts you, as you described.