Maybe not a popular question but one I'd like answered

Question

Bitcoin Cash (BCH)

Ryan

Maybe not a popular question but one I'd like answered

if possible please.
How vulnerable is bch to a 51% attack?

#bch #bitcoincash #cryptocurrency #english

0

16.01.2024

10 ответов

48 просмотров

ErdoganTalk jackson

ErdoganTalk jackson
It is arguably a greater risk for BCH than for BTC...

Here is a video: https://yandex.com/video/preview/17475627671753908746

0

7 месяцев назад

🎗 Remora_101

It is cheaper to attack BCH that BTC, that doesn't man BCH is easy to attack. They have the same algo and hashrate has moved to BCH to protected it in the past. The cost of an attack is therefore fundamentally unknowable. Also this explains a bit more: https://bitcoincashpodcast.com/faqs/BCH-vs-BTC/is-low-hashrate-a-problem

0

7 месяцев назад

2qx#72497; 🦇

If there was a group of miners with 51% of the hashrate in 2024, where (that is what country) do you think has a majority of mining hashate and the energy to launch such an attack?

0

7 месяцев назад

Jim Hamill

2qx#72497; 🦇
If there was a group of miners with 51% of the has...

I'd probably be inclined to suspect the US (or a country subservient to them) as the USD is the dominant world currency. For those against the West, they'd probably support/encourage the use of BCH as it'd be a subversive tool that undermines the USD.

0

7 месяцев назад

Tom

Jim Hamill
I'd probably be inclined to suspect the US (or a c...

You're giving them a lot more credit than they deserve 😜

0

7 месяцев назад

Jim Hamill

Tom
You're giving them a lot more credit than they des...

Very possible 😅

0

7 месяцев назад

2qx#72497; 🦇

Jim Hamill
Very possible 😅

This says it was as of Jan 2022

0

7 месяцев назад

Tom

2qx#72497; 🦇

This says it was as of Jan 2022

A government and it's residents operating in that country are not the same thing

0

7 месяцев назад

2qx#72497; 🦇

Tom
A government and it's residents operating in that ...

So the US government is controlled by corporations. Energy conglomerates are intimately intertwined with our banking system, and the petro dollar. Ignoring a few local tax breaks, without the involvement of the US government, monetary policy around credit, insurance, private equity and investment can migrate an industry trans-nationally in the span of a few short years as shown above. The US government gets dictated what it should do by the bankers who own the energy companies, so...

0

7 месяцев назад

ErdoganTalk jackson · Accepted Answer

It is arguably a greater risk for BCH than for BTC, which have the majority of hashpower by far for the time being. But, the economics of an attack is not straightforward. In my opinion, a takeover attempt that is obviously detrimental to BCH will not succeed even with 51%. Instead, the chain will split and the attacker will be left behind. Our upgrade strategy, the Cash Improvement Improvement (CHIP) Process is a great deterrant against degrading "attack" upgrades. I am not an expert on the process, but let me find a ref ...

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