Re:Ethereum Plans to Cut Its Energy Consumption by 99 Percent
by keymone on Thursday January 03, 2019 @09:46AM
(#18815421)
> If the 51% user is truly malicious, the majority of network participants will move away to the new chain, rendering the 51% user's tokens (near) worthless.
so being successful is punished by destroying all wealth of the richest participant in the network? nice.
Re:Ethereum Plans to Cut Its Energy Consumption by 99 Percent
by ChaosEnergy on Friday January 04, 2019 @03:53AM
(#18822747)
No, being malicious is.
Re:Ethereum Plans to Cut Its Energy Consumption by 99 Percent
by keymone on Friday January 04, 2019 @11:49AM
(#18825433)
having lots of money is malicious?
Re:Ethereum Plans to Cut Its Energy Consumption by 99 Percent
by ChaosEnergy on Monday January 07, 2019 @06:09AM
(#18844318)
No, it's not, that's why I said
> If the 51% user is truly malicious
Having 51% doesn't automatically make you a malicious user. People also wouldn't move away to another chain simply because someone or some group owns 51%. They would move if said person or group abuses the power they get from owning a majority.
They're not stealing coins from someone on a valid chain, they are forking away to another chain and slashing the user's stake. The user will still have all their coins on "their" chain and it's up to everyone else to decide which chain is "the right one". If the 51% user is truly malicious, the majority of network participants will move away to the new chain, rendering the 51% user's tokens (near) worthless.