Re:Do kwon sent $80M a month to secret wallets?
by Clent on Thursday June 09, 2022 @05:35PM
(#31687208)
I question this idea of history writing and it being a huge problem.
How far down the chain could a 51% blockchain rewrite occur before consuming all of the computation power of the universe?
I have seen arguments in which the 51% steals all of the new coins but how long can that be maintained, the other 49% needs to pay their bills and audits would inevitably out the bad players. Eventually, the last bitcoin will be minted, making the whole issue mute.
How far down the chain could a 51% blockchain rewrite occur before consuming all of the computation power of the universe?
I have seen arguments in which the 51% steals all of the new coins but how long can that be maintained, the other 49% needs to pay their bills and audits would inevitably out the bad players. Eventually, the last bitcoin will be minted, making the whole issue mute.