I will be delighted if it turns out my hypothesis is incorrect.
Topic: Sabatoge: "Losing" Bitcoins (AKA the Goldfinger Attack) - page 2. (Read 5993 times)
How is burning your own money an attack on the economy?
well, the idea is totally absurd. it's like saying "let's buy all the gold in the world, and blast it into space!"
If an exchange attacker could hijack a lot of coins at once (totally absurd, right?) this could quite conceivably happen.
Don't make it sound like its horrendously expensive to destroy the only link to the hypothetically hijacked coins.
It isn't. Its called a hard drive shredder.
Please answer my question. I sincerely want to know the answer.
well, the idea is totally absurd. it's like saying "let's buy all the gold in the world, and blast it into space!"
How will fractional transactions be expressed if such a sabatoge took place?
Seems cumbersome to ask for 10^-8.002345 coins as payment for a product or service.
Seems cumbersome to ask for 10^-8.002345 coins as payment for a product or service.
You guys assume the 2.1e15 units are sufficient. Which I personally doubt.
not practical, because bitcoins are divisible to 8 decimal places.
Is it possible to sabotage Bitcoin by accumulating coins (through purchase, theft, or exchange breach, etc.) and then deliberately destroy the wallet that contains the key to these coins?
Presumably these coins are henceforth lost, essentially.
Presumably these coins are henceforth lost, essentially.
Yes, you can permanently lose Bitcoins by losing the private keys for them, or by sending them to an address which does not correspond to a key.
When this happens, it doesn't sabotage Bitcoin, it just makes every one elses Bitcoins slightly more valuable.
Is it possible to sabotage Bitcoin by accumulating coins (through purchase, theft, or exchange breach, etc.) and then deliberately destroy the wallet that contains the key to these coins?
Presumably these coins are henceforth lost, essentially.
Presumably these coins are henceforth lost, essentially.
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