[Article] What Bitcoin can learn from the 51% attacks
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indeed that was an interesting read, although I think his maths is off a bit
36,000FTC * 0.00101BTC is 39.24BTC. This equates to $4,300 USD approx.
Its been stated before a 51% attack is expensive to maintain. No doubt the attacker would profit, but they wont even make the $4,300 once they take their power cost into consideration. If it really was to profit, then why not join the network as a legitimate miner. This attack was to create FUD in to feathercoin community
Its comforting to know that the developers of FTC are investing time into developing tools to combat 51% attacks. I have faith in the FTC developer will find a solution to 51% attacks, and we will probably see this solution implemented into other coins, maybe even BTC
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Great article, shame we didn’t do the checkpoint reversion.
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Great article
