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comment by kleinbl00
kleinbl00  ·  351 days ago  ·  link  ·    ·  parent  ·  post: Exposing violent watch thieves and their young female 'spotters'

Have you... priced a 66% attack?

# of validators, today: 1,068,000

Ethereum required per validator: 32

Price of Ethereum, right now: $2,368

Price of 66% of ethereum validator network: $53.4B

And note that you gotta get it all at once. Proof-of-stake is kept honest by slashing, whereby disunity is automatically ratted out via penalization and bounty.

We could get further into this? But you have to realize how little incentive I have for doing so when regardless of what I say or how elaborately I explain it, your response is some variation on "it's just a database."





spencerflem  ·  351 days ago  ·  link  ·  

Yea this is why I think I may have misunderstood the setup you were talking about,

if this is on the main etherium network obviously you can't 66% it.

Honestly tho, the more I think about it, the more I feel like

1. This might actually be a pretty reasonable use of NFTs

2. Blockchain is totally just a database with interesting security characteristics

Devac  ·  350 days ago  ·  link  ·  

    2. Blockchain is totally just a database with interesting security characteristics

I mean, database is essentially a list with fields, so it's not exactly a unique structure or data representation/storage.