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RE: Shocking Crisis Coming to Cryptocurrency (in Sept?)

in #cryptocurrency7 years ago

I read that Craig Wright of nChain also identified this potential attack scenario.

His blog post caused me to realize that Lightning Networks offchain payments (even without SegWit) also encourages a 51% attack on the network, because Mt.Box hub entities will end up signing for most of the transactions off chain, thus making double-spends on chain much more profitable. I presume Craig already knows that also.

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