Re:Immudb 1.0 – open-source, immutable database with SQL and...
by sennight on Wednesday May 26, 2021 @09:13AM
(#27290064)
> I don't think you understand software like you think you do.
Sorry, can't hear you above the noise of your furious backpedaling. If somebody rewrites the protocol rules in their software to allow anything approaching what you've described (lol, "yes cryptography is involved"), then why are they worried about btc hashing power? I mean, you specifically said:
> If I had >50% hashing power of BTC(for exactly 1 transaction), I can make the current chain say anything I want, like give me all the BTC, and it would become valid and "permanent".
I'll tell you what it would look like to the rest of the network if anybody enacted your diabolical plot: suddenly somebody starts submitting invalid blocks to the network at regular intervals and only those who are monitoring for weird traffic like that even notice, then the block solve rate slightly sags until the difficulty automatically adjusts. Congratulations, you've turned your massive hashing advantage into an incredibly expensive joke.
Sorry, can't hear you above the noise of your furious backpedaling. If somebody rewrites the protocol rules in their software to allow anything approaching what you've described (lol, "yes cryptography is involved"), then why are they worried about btc hashing power? I mean, you specifically said:
> If I had >50% hashing power of BTC(for exactly 1 transaction), I can make the current chain say anything I want, like give me all the BTC, and it would become valid and "permanent".
I'll tell you what it would look like to the rest of the network if anybody enacted your diabolical plot: suddenly somebody starts submitting invalid blocks to the network at regular intervals and only those who are monitoring for weird traffic like that even notice, then the block solve rate slightly sags until the difficulty automatically adjusts. Congratulations, you've turned your massive hashing advantage into an incredibly expensive joke.