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Community Champion

Blockchain (currency) is dead

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

 

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

 

And he livestreamed the process.


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5 Replies
Community Champion

Re: Blockchain (currency) is dead

Link appears to be dead or taken down.

Highlighted
Advocate I

Re: Blockchain (currency) is dead


@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.

 

Dr. D. Cragin Shelton, CISSP
Dr.Cragin@iCloud.com
https://CraginS.blogspot.com/
My Community Profile
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Community Champion

Re: Blockchain (currency) is dead

> Flyslinger2 (Contributor II) posted a new reply in Industry News on 10-19-2018 02:15 PM in the (ISC)² 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

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Community Champion

Re: Blockchain (currency) is dead

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

 

Community Champion

Re: Blockchain (currency) is dead