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RE: Dan Larimer Cannot Censor Accounts with 51% of Hashes

in #eos6 years ago

you make the argument as if the mining pools own all the hashing under the pool

all miners would leave when they see the attack happening and woulnt take more than 10 minutes, not very long to do anything and most sites use more than one confirmation for a transfer so attack is obsolete with high cost and 0 incentive

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I honestly think they would just either not give a crap or switch to another coin. Exasperating the problem further. Also you are making the argument that anyone would even know the attack was happening.

There is no way we would be able to genuinely know an attack like this was going on. All you have to do is get a couple shills on reddit to respond and say things to confuse the topic more and you can launch attacks like this consequence free forever.

bots would know when this happens, more accurately described as there algorithms would identify and act accordingly

What bots, what algorithms and how would they act accordingly?

a bot is an algorithm

programmers use algorithms(bots) as tools to automate functions and program commands for possible scenarios

do you think miner's review blocks manually and initiate commands manually