
12-29-2023, 08:20 PM
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Planar Protector
Join Date: Jul 2014
Posts: 5,329
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Quote:
Originally Posted by Castle2.0
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It means the poster (likely Botten - only person blocked whose content I can't see) is an idiot.
A couple of things to note:
- Go calculate how much hardware, infrastructure and electric you need to 'attack' the network. Do basic financial math and realize you make way more playing by the rules.
- You need more than 51%. If you aren't consistently winning blocks, it fails. Any block you get behind, especially early on, makes it exponentially difficult to come back and have the longest chain. I think the true number is 70-80%+.
- If you do manage this infeasible attack. You can't spend other people's coins. You can't reverse the previous blocks unless you want to spend your time, energy, hardware doing that, but then you lost the longest chain and it's game over anyway and any 'reversals' mean nothing because you're not the longest chain any more.
- People realize there is a bad actor, ignore their chain and keep building on the main chain.
Looks like Botten got just enough rope to hang himself. Go get educated on crypto, fool.
Bitcoin halving in 107 days.
Buckle up.
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Yeah it was Botten, I didn’t want to quote him because he typed a novel and backspacing would’ve taken at least 20 seconds
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