(VOVWORLD) - Countries of the BRICS economic bloc are currently working on the launch of a financial system that will be independent of the dominance of third parties, according to Russian Ambassador to China Igor Morgulov.
66% doesn’t give you any more ability than 51% does. It doesn’t change the speed, it just increases the cost. There would be no reason to hit 66% to do a 51% attack.
Doesn’t bitcoins blockchain use some sort of consensus algorithm, so if one party has more than 50% of the compute power they control everything?
51% but thats slower so ideally around 66% so you can make quicker faster changes. but yeah you ll have the same issues with fiat at that point.
66% doesn’t give you any more ability than 51% does. It doesn’t change the speed, it just increases the cost. There would be no reason to hit 66% to do a 51% attack.
Yes, so does a democracy. Answered here in another comment on this thread https://lemmy.ml/post/17799179/12217017
In a democracy one person couldn’t ever have more than 50% of the votes.