topic Re: Blockchain (currency) is dead in Industry News

Blockchain (currency) is dead

rslade — Mon, 09 Oct 2023 08:59:16 GMT

OK, you want proof that blockchain is not the answer?

Somebody did a 51% attack on Einsteinium (EMC2).

And he livestreamed the process.

Re: Blockchain (currency) is dead

Flyslinger2 — Fri, 19 Oct 2018 18:15:32 GMT

Link appears to be dead or taken down.

Re: Blockchain (currency) is dead

CraginS — Fri, 19 Oct 2018 18:35:49 GMT

@rslade wrote:
OK, you want proof that blockchain is not the answer?

Somebody did a 51% attack on Einsteinium (EMC2).

1. There is no answer until you have a question. What question resulted in someone thinking blockchain is an answer, for anything.

2. A 51% attack on a blockchain has been described as a theoretical for some time now. It's a matter of scale. Einsteinium may be small enough to grab 51% of the resources, but Bitcoin may be too big for a realistic attack.

Re: Blockchain (currency) is dead

rslade — Fri, 19 Oct 2018 19:38:00 GMT

> Flyslinger2 (Contributor II) posted a new reply in Industry News on 10-19-2018 02:15 PM in the (ISC)Â² Community :

> Link appears to be dead or taken down.

Hmmm. A Google search turns up the announcement, and an attempt, by the
Einsteinium community to circumvent the attack, but no mention of the actual
attack ...

====================== (quote inserted randomly by Pegasus Mailer)
rslade@vcn.bc.ca slade@victoria.tc.ca rslade@computercrime.org
It's a kind of spiritual snobbery that makes people think they
can be happy without money. - Albert Camus (1913-60)
victoria.tc.ca/techrev/rms.htm http://twitter.com/rslade
http://blogs.securiteam.com/index.php/archives/author/p1/
https://is.gd/RotlWB

Re: Blockchain (currency) is dead

Caute_cautim — Mon, 22 Oct 2018 03:23:57 GMT

It appears to be happening on a regular occurrence:

https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/

https://securityintelligence.com/the-blockchain-is-only-as-strong-as-its-weakest-link/

Like everything, you only need one weak link.

Regards

Caute_cautim

Re: Blockchain (currency) is dead

Caute_cautim — Mon, 22 Oct 2018 03:30:19 GMT

There is plenty of traffic on the subject:

https://www.reddit.com/r/CryptoCurrency/comments/9nzl2h/this_was_the_way_einsteiniumemc2_tried_to_stop_an/

https://cryptoblockwire.com/einsteinium-repels-51-attack/

https://www.emc2.foundation/news/

Regards

Caute_cautim