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RE: Bitcoin Cash 51% attack – is it game over for BCH?

in #bitcoin5 years ago (edited)

You have to be careful using crypto news sites as reference (they are often quick to publish and slow to fact check....). This is an analysis of the "51%" attack.. it might have been overblown and hyped... not an uncommon thing in this space. On the other hand... I can't be certain that the analysis is correct either... but the bitmex blog is well respected.

As I see it, it appears that the main pools chose not to mine on the chain with the buggy code (which allowed the spend from the attacker), instead choosing to mine on the non-bugged chain. Thus, the "stolen" BCH blocks were orphaned.

Anyway... semantics aside... it is a bit of bad look for BCH, but I think the news reporting has been a bit light on details!

https://blog.bitmex.com/the-bitcoin-cash-hardfork-three-interrelated-incidents/

https://bitcoinexchangeguide.com/bitcoin-cash-abc-miners-did-not-take-over-the-protocol/

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Yes good point, the 51% attack has done nothing to the price and people are not abandoning the project in disgust. It may have been a technical 51% attack but was not treated particularly seriously. And there is more to the story as you suggest. Thanks for the references.

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