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Discussion (48 Comments)Read Original on HackerNews
Email it to me and I'll safely dispose of it for you at a responsible E-waste site.
Alright! Now there’s only the heat death of the universe standing between me and massive wealth? I like these odds.
So if I win, I won't be able to actually claim the Mooney's?
I don't think it'll ever show for reals
Estimated cost of a 51% attack on Bitcoin, if no one is cooperating, is $6 billion to $10 billion.
Surely the cost goes down if they get some big players to cooperate.
And the reward is... $83 billion. Basically 10x your money.
I mean, this is the kind of thing that we could sell bonds for, to raise the $6 to $10 billion needed.
Other than the fact that you'd be de-legitimizing BTC, the very thing you're trying to steal. Or morals - them, too. Other than that?
Nobody would buy OTC as they're tainted and it would be basically throwing away their money for something that is traceable and everyone is watching and reacting to further moves
Then the blockchain could be effectively forked to before the attack, invalidating the heist
Actually, why does the site list the odds as ~1 in 5.27 × 10⁷²? That's 2^241, but it's picking random 256 bit numbers. Is it because there are so many valid hits?
You can keep a comprehensive list of "all 256-bit numbers tried so far" in 256 bits of storage.
This kind of fun thing's exactly why I'm on the internet. Thanks for sharing! :D