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Re:Does Generative AI Facilitate Investor Trading? Evidence ... by JustLurking2022 on Wednesday July 17, 2024 @05:27PM (#40990516)
It's not about them leaving the network, it's a matter of whether they could be coerced by an authoritarian government to alter transactions.
Re:Does Generative AI Facilitate Investor Trading? Evidence ... by staplers on Wednesday July 17, 2024 @09:20PM (#40991732)
They cannot alter transactions, only deny/duplicate them. Their node would be blacklisted by those working around censorship.

Guys cmon its really childish the boring same issues thrown around when theyve been answered and addressed a million times.

For a forum of "hackers" most are just hacks.

Re:Does Generative AI Facilitate Investor Trading? Evidence ... by janalsncm on Wednesday July 17, 2024 @09:36PM (#40991782)
I don’t think that answers the question. Denying transactions is certainly an issue. If it is true that the majority of mining power is in China, only a minority is outside of it. What mechanism does Bitcoin have for a minority of nodes to deny the transactions of a majority of nodes?
Re:Does Generative AI Facilitate Investor Trading? Evidence ... by ProllyInfamous on Thursday July 18, 2024 @03:40AM (#40993381)
Majority of verification nodes are not in China.

No single jurisdiction approaches anywhere close to majority, with #1)USA@21% †

†: https://bitnodes.io/

Re:Does Generative AI Facilitate Investor Trading? Evidence ... by zorked on Thursday July 18, 2024 @05:40AM (#40993960)
The "verification" nodes don't do anything to prevent censorship by miners.

The threshold isn't quite 50%+. If one of the 49% nodes mines a block with a would-be censored transaction, the censoring notes have to make an economic decision to try to mine a replacement block and then a second block on top of that to rewrite the chain. At 100% this is easy, but at just 51% it's a costly gamble that will frequently fail at a huge dollar cost.

A block costs $200k at current prices. At just over 50% of the network, you are gambling at least two blocks to force a rewrite.

Re:Does Generative AI Facilitate Investor Trading? Evidence ... by staplers on Thursday July 18, 2024 @11:59AM (#40996947)
Finally a comment that is informed thank you
Re:Does Generative AI Facilitate Investor Trading? Evidence ... by ProllyInfamous on Wednesday July 24, 2024 @07:24PM (#41063266)
>The "verification" nodes don't do anything to prevent censorship by miners.

Absolutely agreed; however, eventually some non-hostile miner will randomly generate an acceptable `nonce` [entire point of hashing/energy-usage] which DOES include the censored-by-some transaction.

An additional function of the node-verification network (which uses essentially no energy, relative to mining) it to maintain the entirety of `mempool`, which is where unaccepted transaction-attempts live until mined into a block [which is then "accepted/denied" by same node-pool].

tl;dr: as far a probabilities go, unless you own exactly 100% of mining pool, it is impossible to censor a tx from the node's mempool; all you can do with <100% is DELAY transactions.

Re:Does Generative AI Facilitate Investor Trading? Evidence ... by conradev on Wednesday July 17, 2024 @09:41PM (#40991797)
They can’t alter them? Can’t they do whatever they want if they collude to execute a 51% attack?
Re:Does Generative AI Facilitate Investor Trading? Evidence ... by staplers on Thursday July 18, 2024 @11:56AM (#40996911)
no, txns are cryptographically impossible to alter. The 51% problem is simply a double spend problem.