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On the Instability of Bitcoin Without the Block Reward [pdf]

cs.princeton.edu

231–232 of 232 posts

Re: On the Instability of Bitcoin Without the Block Reward [pdf]

#231

Earlier quoted context omitted.

> and one would need more than half of that total stake to have a chance at attacking the network Actually 1/3rd to disrupt consensus, and 2/3rds + 1 to take control of the chain like you could with a 51% attack on a PoW chain, only you'd get almost immediate and complete control over the consensus.

The strength required to take control is probably 1/3 as it is with most Byzantine setups. (The 1/3 control attack against Bitcoin is selfish mining.)

You can't control the network with 1/3 with BFT consensus, you need 2/3rds.

Re: On the Instability of Bitcoin Without the Block Reward [pdf]

#232
post #113

Earlier quoted context omitted.

BCH is trending to 0 in BTC. How does this solve Venezuelans or Lebanese store of value problem? https://www.tradingview.com/symbols/BCHBTC/

Yet they just passed BTC's daily transaction volume (regularly) . Like it or not, BCH is about to eat BTC's lunch and good for them. They've earned it.

SoV first and only then medium of exchange. Not the other way around.
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