reply on: I can't make up my mind on Bitcoin Cash \ stacker news ~bitcoin

pull down to refresh

131 sats \ 8 replies \ @siggy47 22 Jan \ on: I can't make up my mind on Bitcoin Cash bitcoin

Segwit was seen as a compromise, separating transaction data from signature data. Large blocks would have hurt decentralization. By now few of us plebs could afford to run our own nodes. BlackRock and Fidelity would run all the nodes eventually.

0 sats \ 7 replies \ @0xBTC OP 22 Jan

yeah but in theory, can't they just spin up a bunch of nodes anyway (given their unlimited money)

10 sats \ 6 replies \ @siggy47 22 Jan

They can't stop any one of us from running our nodes.

21 sats \ 5 replies \ @0xBTC OP 22 Jan

yeah but if the nodes are easy to run, what is stopping them from running a bunch of nodes and 50% attacking the blockchain?

121 sats \ 4 replies \ @siggy47 22 Jan

Check out the cost of running a 51% attack(50% ain't good enough), not to mention the "killing the golden goose"issue: as they spend the money, bitcoin's price would plummet. Makes no economic sense.

0 sats \ 3 replies \ @0xBTC OP 22 Jan

ah I see, you would need the ASIC miners to perform the attack, not just nodes. I am not sure why that went over my head.

100 sats \ 2 replies \ @siggy47 22 Jan

You need 51% of the hash rate

0 sats \ 1 reply \ @0xBTC OP 22 Jan

I see. When it comes to BCH, is it more vulnerable to this kind of attack because of the increased block size? Does it require better hardware with the larger block size?

0 sats \ 0 replies \ @siggy47 22 Jan

I don't pay attention to BCH, but this may provide insight: https://decrypt.co/49819/bitcoin-cash-rebels-launch-51-attack-to-destroy-bch-hard-fork

reply on another page