Over half of the Bitcoin Network went offline in 48 hours

Posted by doener on Sunday April 18, 2021 @03:45PM
from the twitter.com dept.

( 6 comments | 15 points | on HN )

Re:Over half of the Bitcoin Network went offline in 48 hours by chrisbolt on Sunday April 18, 2021 @03:54PM (#26855748)

[ Parent | on HN ]

Re:Over half of the Bitcoin Network went offline in 48 hours by sneak on Sunday April 18, 2021 @03:55PM (#26855752)

This is a misleading (and I would venture to say false) headline: the hashrate is not the size of the p2p network.

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Re:Over half of the Bitcoin Network went offline in 48 hours by extropy on Sunday April 18, 2021 @04:24PM (#26855977)

It is however significant for split network attacks. If a malicious actor where to control >50 of hash rate double spending becomes a thing.

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Re:Over half of the Bitcoin Network went offline in 48 hours by beyondcompute on Sunday April 18, 2021 @03:48PM (#26855688)

Not as decentralized as one is expected to believe indeed.

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Re:Over half of the Bitcoin Network went offline in 48 hours by bitcoinmonger on Sunday April 18, 2021 @04:41PM (#26856155)

How much more difficult would it be to extend this further so that the entire Bitcoin network goes offline?

This sounds promising for any groups looking to shut down the system and stop the energy usage.

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Re:Over half of the Bitcoin Network went offline in 48 hours by lousken on Sunday April 18, 2021 @04:45PM (#26856197)

hopefully, the rest of the network can also be brought down

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