Video Analysis for Bitcoin 101 - The Nightmare of a 51% Attack - Part 2 - How to Destroy Bitcoin
June 09, 2014
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Bitcoin 101 - The Nightmare of a 51% Attack - Part 2 - How to Destroy Bitcoin
James goes through Transaction Denial of Service, Selfish Mining, Monopoly Mining and Double Spending, finding fault with proposed patches and solutions. It is not pretty. As Gavin Andresen says, if someone was able to run a 51% attack "that would be bad". We agree. It would be very bad.
At the end of the video we discuss protocol changes that would make an attack much more difficult. We highlight Pro... Read more »
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Bitcoin 101 – The Nightmare of a 51% Attack; ... Bitcoin Basics (Part 1) ... yuan would destroy the dollar overnight, ...
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Like000000000or copy the linkThis video goes over my 7 day 1 week Bitcoin ... Previous article Bitcoin 101 - The Nightmare of a 51% Attack - Part 1 ... that won’t ...
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317 325 341 319.64001464844,320.05999755859,320.13000488281,319.64999389648,319.67001342773,320.01000976562,318.73001098633,319.17999267578,318.58999633789,317.57998657227,318.10998535156,318.04000854492,317.14001464844,317.
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Users must destroy extremely ... “block” in Bitcoin) first. As a result, consensus is not required; you don’t have to trust any particular miner because the only way to produce a false ledger (or “blockchain”) would be a 51% attack, requiring ...
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