- From: David Nicol <davidnicol@gmail.com>
- Date: Thu, 17 Sep 2015 08:58:23 -0500
- To: Timothy Holborn <timothy.holborn@gmail.com>
- Cc: Web Payments <public-webpayments@w3.org>
On Thu, Sep 17, 2015 at 2:13 AM, Timothy Holborn <timothy.holborn@gmail.com> wrote: > Is there a solution for the 51% issue? There is no serious 51% issue except in a hostile situation. There is no reason to aggressively compete for blockchain extension rights in a cooperative situation. Mining is an astoundingly brilliant promotional/marketing device for BitCoin and not at all essential to blockchains. A consortium of co-maintainers of a shared ledger, if they are using Bitcoin's block chain extension agent selection method, might establish a back-off policy to reduce the flops any participating puts into mining after they win a round. They might even simply take turns and only extend after all participants have verified. They're cooperating.
Received on Thursday, 17 September 2015 13:58:52 UTC