Re:Systems built on trust, norms, and institutions function ...
by dnautics on Friday April 06, 2018 @02:25PM
(#16775897)
I think also important is that there are exploits that break the existing system (e.g. 50% attack) but it's not in the financial interest of any given actor to exploit it. Part of the algorithm is economic.
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Re:Systems built on trust, norms, and institutions function ...
by webmaven on Friday April 06, 2018 @10:20PM
(#16779060)
Not all interests are financial, so unfortunately, there IS a class of actor with an incentive to exploit it.
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That class of actor can even potentially avoid the financial sunk costs that would ordinarily be required, although that in turn would require the use of several zero-day exploits and/or the use of similarly high-value resources usually available only to state-level actors.
Still, under certain circumstances I could see something along these lines being the opening move in World War IV (not to be overly dramatic or anything). Or perhaps a much smaller conflict, should any state be foolish enough to standardize on a national cryptocurrency of their own creation for internal use.