Chris Pacia [ARCHIVE] on Nostr: š Original date posted:2017-12-04 š Original message:I think you are missing a ...
š
Original date posted:2017-12-04
š Original message:I think you are missing a few things.
First of all, I think the security model for sidechains is the same as
that of every blockchain
People will say things, like "but with sidechains 51% hashrate can steal
your coins!", but as I have repeated many times, this is also true of
mainchain btc-tx. is something else?
There are substantial opportunity costs as well as a collective action
problem when it comes to re-writing the mainchain.
Is there anything similar for drivechains? As far as I can tell there is no
opportunity cost to casting a malicious vote, no repercussions, and no
collective action barrier that needs to be overcome.
Unless I'm missing something I wouldn't liken the security of a drivechain
to that of the mainchain.
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š Original message:I think you are missing a few things.
First of all, I think the security model for sidechains is the same as
that of every blockchain
People will say things, like "but with sidechains 51% hashrate can steal
your coins!", but as I have repeated many times, this is also true of
mainchain btc-tx. is something else?
There are substantial opportunity costs as well as a collective action
problem when it comes to re-writing the mainchain.
Is there anything similar for drivechains? As far as I can tell there is no
opportunity cost to casting a malicious vote, no repercussions, and no
collective action barrier that needs to be overcome.
Unless I'm missing something I wouldn't liken the security of a drivechain
to that of the mainchain.
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