Topic: Bitcoinweekly suggests a guard against the 51% problem (Read 684 times)
need to get my post up so i can post some outside of Newbie thank
So, since I'm a newbie and locked out of the main forum, I'll post my stupidnoobquestion here. To be fair, it's probably for the best since I'd likely get flamed out for being a repetitive troll otherwise... but... I haven't seen this particular suggestion before:
From http://bitcoinweekly.com/articles/taking-down-the-bitcoin-network :
Is this possible? Is it a sensible solution?
Cheers.
From http://bitcoinweekly.com/articles/taking-down-the-bitcoin-network :
Quote
If it is technically viable, I would suggest that the network be configured now to reject any block from a source with 50% or greater of the processing power. I'm afraid I don't have the technical knowledge to explain how, or even know if it's possible to pre-configure that, but it is something I would like to see, as it would close the only real security hole Bitcoin has.
Is this possible? Is it a sensible solution?
Cheers.
AFAIK, theres no way for the network to know who the block is coming from.
So, since I'm a newbie and locked out of the main forum, I'll post my stupidnoobquestion here. To be fair, it's probably for the best since I'd likely get flamed out for being a repetitive troll otherwise... but... I haven't seen this particular suggestion before:
From http://bitcoinweekly.com/articles/taking-down-the-bitcoin-network :
Is this possible? Is it a sensible solution?
Cheers.
From http://bitcoinweekly.com/articles/taking-down-the-bitcoin-network :
Quote
If it is technically viable, I would suggest that the network be configured now to reject any block from a source with 50% or greater of the processing power. I'm afraid I don't have the technical knowledge to explain how, or even know if it's possible to pre-configure that, but it is something I would like to see, as it would close the only real security hole Bitcoin has.
Is this possible? Is it a sensible solution?
Cheers.
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