I am like 99% sure if Bitrex starts losing money because Alice is not actually sending them money that they credit to her account it wont fly for long.
Alice can then move to a new exchange.
That wont be cool with this shit either and she would be in deep water pretty fast especially if it goes public that Alice has been scrwed over.
You are struggling to defend @dan, but he's not even here defending himself.
Why would he bother. He stated that 3/5 entities can make your wallet basically useless. Right now, if you pay attention to whats being said isnt refuting what he said, but rather refuting about how bad it would be for Alice.
And the only disagreement we have is on a gradient of her being basically fucked and highly inconvenienced to completely screwed and highly inconvenienced.
Literall all you are saying is that
Alice would only be mostly fucked and unable to use her wallet. She wont be 100% fucked so its totally cool guys.
But that right there is conceding the argument at a base level. You took it for granted he was right from the get go and then reform the argument around how she can just walk it off and man up while 60% of her transactions fail and every exchange gives her the finger lol.
Were splitting hairs here and its bordering on comical. Literally NOBODY is going to want to be in a position where 3/5 mining pools decide to make your life a living hell.
You aren't getting it. Think about how it plays out instead of blindly trying to defend @dan. Let's imagine you are Alice (not the real person but the account). Alice realizes @dan has 51% of the hashes and is trying to "censor" her. I have shown that she can push a transaction through with certainty over a finite number of blocks. Let's say @dan is dead set on killing the chain to stop Alice. Alice sends the entirety of her balance to trex by pushing that transaction through.
Hungry to double her money she tries again after @dan graciously negates her original spend, then she executes a second (double) spend, maybe going so far as to dump her account on bittrex for the second time and transferring all of whatever she dumped into off the exchange. Alice is now 2x rich and out, @dan is wasting gobs of money mining a tainted coin.
Who won from this "censorship"?
All I care about is truth. Period. I never blindly defend anyone ever. If I smell bullshit I attack it endlessly.
First off she wont know. Nobody would ever know this is just happening to them. They would all assume the coin is 15 transactions per second pile of garbage like it has always been for many years. Nobody would assume there is a crazy attack going on against them. We would never be able to know. And any proof would be written off as a conspiracy theory.
She instantly sends her entire stack to Bitrex at exactly the right moment knowing full well it will double her money! Alice is a perfect warrior because she was able to access her magical powers of perception and know exactly when she was being attacked. Bitrex lets her get away with it too even though they lose a ton of money lol.
I don't know guys but this chick sounds pretty hot. I bet she can dodge bullets and leap skyscrapers in a single bound.
Anyway with all of that said, Bitrex wont give her that money. I am like 99% sure Bitrex would not lol this off and let her cash out. Not only that but this attack could be done on any number of her other wallets. All you do is watch the transactions and boom the money she cashed out would be right on the same black list. Dude this shit would be a fucking nightmare.
Ok lets stop turning this into a secret agent movie. If the mining pools felt like it, Alice would be fucked and she would have zero idea it was happening. And theres no fucking way Bitrex would let her get away with double spending them.
I downvoted you with full weight because you are not working to understand the concepts here and instead you are resorting to nonsense statements like "lets stop turning this into a secret agent movie".
You obviously have no understanding of game theory, strategy, security, probability, or how blockchains work. I'm proving to you that I do because I got this voting power by being a student of all these things. I really recommend learning from someone who knows their shit rather than @dan who is just trying to promote his latest revenue venture with unsubstantiated and erroneous claims.
All you did was show you can downvote people. I knew this was coming. I don't care.
You failed right there. The success of an ongoing, persistent, indefinite attack can't rely on the victim's not finding out about it. That is a recipe for a failed attack, and boom Alice is uncensored. It's easy to discover these attacks. Everyone will know something is up when the chain keeps re-organizing every 2+ blocks. They will spot who is behind the 51% attack and identify it as such, with these new 2+ block forks suddenly coming out of nowhere and reorganizing the chain, and possibly causing other havoc, not just to Alice.
The rest of your post is based on this same fallacy, so isn't worth responding to.
After months and maybe years having being fucked over.
And also, here we are again, BOTH OF US ULTIMATELY AGREE with @Dan . The deference is to what degree of fucked is Alice. In my opinion she is 100% fucked and in yours she is 60% fucked with a slight chance of doubling her money she cant spend anyway.
So what are we arguing about. Censorship doesnt just need to be outright silencing someone. censorship is also possible by making that person life a living hell.
We both know and agree this is possible. IE Dan is right. You agree, and I agree. The only things we have been arguing is to what degree of fucked she is. That's all. This entire argument you propose is 100% accepting what Dan said as truth and countering it with.
And don't even give me crap about how this would "destroy the mining pool or Ethereum" There would be a propaganda campaign to smoke bomb this fucker like nothing wrong ever happened and it would be business as usual forever.
Nope we don't. @dan can't censor Alice. She gets to spend her funds, twice if she is greedy. Downvoted you to make sure my position is clear.