gm

some light Sunday reading https://blog.bitmex.com/pow-vs-pos-economic-cost-to-attack/

This might be the most bullish ETH podcast I’ve ever listened to

https://youtu.be/lrFgjOc_Gkw?si=Wo2Cg9Qn0yTpwa6K

Justin Drake makes the exact opposite argument in this podcast: that the attacker does not need to maintain the majority hashrate at all times. Just knowing that he/she can ramp up hash power at will and overtake the network is enough for the community to (for example) pay the attacker for staying out

See

building pics or it didn't happen - poidh.xyz - do fun stuff to earn crypto - come chill /poidh + follow @poidhbot

Justin Drake makes the exact opposite argument in this podcast: that the attacker does not need to maintain the majority hashrate at all times. Just knowing that he/she can ramp up hash power at will and overtake the network is enough for the community to (for example) pay the attacker for staying out

See https://warpcast.com/chaskin.eth/0xdc8c0ba0

PhD in aviation ∩ climate science | Aviator, diver, ETH maxi, nexialist | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

will have to listen, not sure I totally follow

he's saying the attacker would hold the network hostage and demand ransom payments to keep their hashpower at bay?

From memory, it was something like that. I may be mischaracterizing slightly. Unfortunately I don't have the timestamp within the podcast

all good, appreciate the link and will try to listen when possible!

I checked. The broader segment about future Bitcoin security starts at 1:22:53 and the specific part about the 51% attack starts ~ two minutes later at 1:25:02