Auroracoin – Forked and Game Over

Re:Auroracoin – Forked and Game Over by sirsar on Saturday March 29, 2014 @03:44PM (#7493630)

> If coin price > mining cost / 2, it becomes worth it to acquire 51% of mining capability so you can vote the other 49% to yourself, no?

No. The most powerful thing a 51% miner can do is roll-back transactions. The currency goes back to the spender, not to the miner.

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Re:Auroracoin – Forked and Game Over by sigil on Saturday March 29, 2014 @03:55PM (#7493672)

But you can doublespend whatever coins you've got, and reject all other transactions, so the effect is the same. (You're right though, I phrased that incorrectly with "vote.")

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