Re:Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose M...
by Jommi on Wednesday May 23, 2018 @11:11PM
(#17140784)
You're looking at this as a static _binary_ model, while actually, the 51% attack is heavily dynamic. The profitability of the attack heavily depends on factors that are absolutely dynamic and not publicly available:
- The exchange/betting website not catching onto your scheme
- The volume of the coin being enough to mass sell it and not majorly affect the price
- How fast the community can act in unison against you
- The exchange/betting website not catching onto your scheme
- The volume of the coin being enough to mass sell it and not majorly affect the price
- How fast the community can act in unison against you