Re:Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose M...
by chemmail on Wednesday May 23, 2018 @08:10PM
(#17139693)
Logical and sound arguments. However you underestimate human greed, human stupidity. Not everyone is operating on a Nash Equilibrium.
Re:Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose M...
by Erlich_Bachman on Thursday May 24, 2018 @03:25AM
(#17141795)
This will all be valid concerns the day we see a real 51% attack on real Bitcoin. So far Nash seems to be working.
Re:Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose M...
by onecooldev24 on Wednesday May 23, 2018 @07:32PM
(#17139446)
Top miners can short twice as many BTC futures to create one last profitable destruction.
Re:Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose M...
by Taek on Wednesday May 23, 2018 @09:50PM
(#17140346)
If a large miner comes to you asks for a multi billion dollar short position, you should be suspicious.
Re:Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose M...
by Cthulhu_ on Thursday May 24, 2018 @03:45AM
(#17141902)
That's when you just split your short through a few thousand shell accounts.
Large miners don't want to see Bitcoin get attacked because it destroys their income and de-values their incredibly expensive hardware. This is also why miners won't just let you borrow their hashrate for a while - it's a big issue if you use that hashrate to undermine their cash cow.