Re:Bitcoin’s Price Was Artificially Inflated Last Year, Rese...
by spiorf on Thursday June 14, 2018 @04:05PM
(#17314900)
51% lets you censor transactions.
You need more than that to reverse a week old tx. Way more. You have to outrun the rest of the world and gain a week of advantage.
So if you have 90% of the hashrate, you go 9 times faster than the honest miners. Every day, you can erase 9 days of blockchain. But that 90% means that you build a mining farm that is 9 times greater that the current hashrate. Redo the math on the costs and logistics of that.
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