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Further Discussions => Blockchain Technology => Topic started by: sirty143 on February 17, 2024, 06:13:08 AM

Title: New Study Unveils the Total Cost to Attack Bitcoin and Ethereum
Post by: sirty143 on February 17, 2024, 06:13:08 AM

New Study Unveils the Total Cost to Attack Bitcoin and Ethereum

A newly published Social Science Research Network (SSRN) paper by Lucas Nuzzi, Kyle Waters, and Matias Andrade introduces a novel approach to calculating the Total Cost to Attack (TCA) Bitcoin and Ethereum. See more for yourself here (https://news.bitcoin.com/new-study-unveils-the-total-cost-to-attack-bitcoin-and-ethereum/).

Your opinion is greatly appreciated.

Title: Re: New Study Unveils the Total Cost to Attack Bitcoin and Ethereum
Post by: joniboini on February 22, 2024, 08:47:05 AM

I can't access the research paper, but it seems one of their findings is that miners speculate on the market so fee is not their biggest incentive to mine to some extent, which is why calculating the cost to attack is a bit difficult. They also conclude that 51% is not feasible or too expensive if you count the possibility of the network fighting back with a fork etc. I'm not sure how reliable this is, though, since I can't verify it and the news link basically paraphrases their abstract with no in-depth analysis.