points by Jhsto 8 hours ago | 0 comments
Doesn't apply for USDT and USDC which can freeze funds with a court order.
And like the DAO hack on Ethereum showed, if most people who run blockchain software decide that something never happened, they can revert transactions that way.
[–] Hamuko 8 hours ago
[–] wmf 6 hours ago
Fixing the DAO hack wasn't done via a 51% attack. In most/all blockchains protocol changes aren't done by simple majority vote.
[–] baobabKoodaa 2 hours ago
Yes it was done by 51% attack. The chain split into ETH and ETC.
[–] wmf 2 hours ago
Not every chain split is a 51% attack.
[–] baobabKoodaa 2 hours ago
Sure, some chain splits fail to get any significant support, so they don't reach anywhere near 51% of mining power. This one did. Hence, it's called a "51% attack".
[–] wmf 47 minutes ago
Nope. None of what you're saying is correct.
[–] baobabKoodaa 41 minutes ago
Offhand dismissal of some very uncontroversial statements. Cool. Maybe you should stop spreading intentional misinformation and instead do something positive with your life.
Isn't that a pretty integral part of the blockchain? 51% attacks were even featured on the HBO show Silicon Valley.