On Sat, Jun 18, 2011 at 7:50 AM, Mike Frank <[email protected] > wrote:
> Even if the total resources deployed on the Bitcoin network were to someday > fall to such a low level that a single attacker could easily produce a > forged chain of transactions, that would only mean that this attacker could > double-spend their own coins from that point onwards, not that they could > nullify the established chain that was already in existence and accepted by > all nodes on the network. > If the attacker truly had disproportionate computing resources, couldn't he go back to the chain as it was a year ago and start extending from there? If he could make the forged chain longer than the real chain, wouldn't that invalidate every bitcoin mined and every peer-to-peer transaction in the last year? Andy
---- Election-Methods mailing list - see http://electorama.com/em for list info
