Congratulations on a successful 51% attack today everyone!

WiW

sr. member

Activity: 277

Merit: 250

"The public is stupid, hence the public will pay"

Quote from: Gabi on March 12, 2013, 03:43:54 PM

Based on what you said, WiW, there is a 51% attack everytime a block is orphaned Cheesy

so dozens of time per month! lol

The difference being that a block is usually orphaned because it came second to the miner (propagated the network slower) but wasn't shorter in terms of proof of work.

In this case they rejected a valid, longer proof of work chain in favor of making a shorter chain outpace the longer one with a majority of hashing power.

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: Gabi on March 12, 2013, 03:43:54 PM

Based on what you said, WiW, there is a 51% attack everytime a block is orphaned Cheesy

so dozens of time per month! lol

This was pretty much my first thought.

The OP might as well have said, "Guys, everything worked as it was supposed to! PANIC!"

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Based on what you said, WiW, there is a 51% attack everytime a block is orphaned Cheesy

so dozens of time per month! lol

ItsDom

newbie

Activity: 18

Merit: 0

I'm confused.... are you being sarcastic... or?

As you said, there's no malicious activity, so there's no 51% "attack"

The community came together to cover a bug.

WiW

sr. member

Activity: 277

Merit: 250

"The public is stupid, hence the public will pay"

There was a fork but more than 50% of the hashing power put their work behind the shorter chain, even though merchants may (and have?) trusted the longer proof of work chain.

Technically, there was no malicious intent, and I'm sure nobody planned this in advance with a double spend in mind... I believe all the miners deserve a big congratulations!

Topic: Congratulations on a successful 51% attack today everyone! (Read 932 times)