Bitcoin’s Biggest Hack in History: 184.4B Bitcoin from Thin Air

Re:Bitcoin’s Biggest Hack in History: 184.4B Bitcoin from Th... by aeternus on Monday January 14, 2019 @02:29PM (#18905661)

Technical consensus provides an important backup / tie-breaker when meta-consensus isn't clear.

This has happened multiple times in the past with Bitcoin, most recently with Bitcoin Cash vs. Bitcoin Core. The user-base is split, there is lots of propaganda on both sides. However the technical consensus yields a single chain (Bitcoin Core).

[ Parent | on HN ]

Re:Bitcoin’s Biggest Hack in History: 184.4B Bitcoin from Th... by hudon on Monday January 14, 2019 @02:43PM (#18905801)

Actually there were 2 persistent bitcoin chains to emerge from that conflict, one led by Bitcoin Core’s consensus rules and one led by Bitcoin Cash’s consensus rules. Nothing technical prevented the fork. And to claim one is more “bitcoin” than the other is moot. In fact the argument of which bitcoin chain is what Satoshi would have wanted is still being argued about every single day...

[ Parent | on HN ]

Re:Bitcoin’s Biggest Hack in History: 184.4B Bitcoin from Th... by aeternus on Monday January 14, 2019 @05:00PM (#18906943)

True both are still around, but a user can simply choose the fork with the longest chain (most PoW).

This is important because all other metrics such as choosing based on message boards, market cap, etc. can be more easily gamed.

[ Parent | on HN ]