Luke-Jr [ARCHIVE] on Nostr: 📅 Original date posted:2011-09-08 🗒️ Summary of this message: Bitcoin's alert ...
📅 Original date posted:2011-09-08
🗒️ Summary of this message: Bitcoin's alert system is crucial in case of network issues, especially against attackers with over 50% computational power, but it has never been used.
📝 Original message:On Thursday, September 08, 2011 3:43:12 PM theymos wrote:
> The alert system will be very important if there are ever any critical
> problems in the network. For example, it is currently Bitcoin's only
> defense against an attacker with >50% of the computational power, where
> alerts would be used to tell people to stop accepting transactions.
I don't seem to recall this ever happening, despite Deepbit having over 50%
multiple times now.
🗒️ Summary of this message: Bitcoin's alert system is crucial in case of network issues, especially against attackers with over 50% computational power, but it has never been used.
📝 Original message:On Thursday, September 08, 2011 3:43:12 PM theymos wrote:
> The alert system will be very important if there are ever any critical
> problems in the network. For example, it is currently Bitcoin's only
> defense against an attacker with >50% of the computational power, where
> alerts would be used to tell people to stop accepting transactions.
I don't seem to recall this ever happening, despite Deepbit having over 50%
multiple times now.