Re:Inside the Race to Build the World’s Fastest Bitcoin Miner
by dragonwriter on Tuesday April 23, 2013 @01:30PM
(#5596586)
> In order to fake a transaction, you would need to control 51% of the total hash rate of the Bitcoin network, which is impossible.
Relevant to the article that this thread is linked to, it wouldn't be at all impossible if you are the single high-rate producer of by far the most efficient mechanism for mining bitcoins, and you really wanted to disrupt bitcoin.
(It might be economically irrational for anything that seems to a sane person to be a plausible assignment of utilities, but then, lots of socially destructive acts that actually occur in the real world meet that description.)
Relevant to the article that this thread is linked to, it wouldn't be at all impossible if you are the single high-rate producer of by far the most efficient mechanism for mining bitcoins, and you really wanted to disrupt bitcoin.
(It might be economically irrational for anything that seems to a sane person to be a plausible assignment of utilities, but then, lots of socially destructive acts that actually occur in the real world meet that description.)