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NickSzabo4's profile
Nick Szabo 🔑
Nick Szabo 🔑
Nick Szabo  🔑
@NickSzabo4

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Nick Szabo  🔑

@NickSzabo4

Blockchain, cryptocurrency, and smart contracts pioneer. (RT/Fav/Follow does not imply endorsement). Blog: http://unenumerated.blogspot.com 

Joined June 2014

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    1. Nick Szabo  🔑‏ @NickSzabo4 Sep 5
      • Report Tweet

      Nick Szabo  🔑 Retweeted Whale Alert

      Such confidence in Bitcoin is splendid, but a 94,500 BTC tx tempts fate. If recipient can make that much from reversing the tx, they can afford to run a 51% attack for more than 40 days. Big if & very visible, but security here depends more on trust & less on the protocol itself.https://twitter.com/whale_alert/status/1169815776733220866 …

      Nick Szabo  🔑 added,

      Whale Alert @whale_alert
      🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 94,504 #BTC (1,018,147,922 USD) transferred from unknown wallet to unknown wallet Tx: https://whale-alert.io/transaction/bitcoin/4410c8d14ff9f87ceeed1d65cb58e7c7b2422b2d7529afc675208ce2ce09ed7d …
      97 replies 313 retweets 1,030 likes
      Show this thread
    2. Shrek w/o the K put a Y instead‏ @P2SHrey Sep 5
      • Report Tweet
      Replying to @NickSzabo4

      1/ Coordinating a 51 percent attack is a logistical nightmare itself. However, bitcoin game theory takes an interesting turn here

      1 reply 0 retweets 13 likes
    3. Shrek w/o the K put a Y instead‏ @P2SHrey Sep 5
      • Report Tweet
      Replying to @P2SHrey @NickSzabo4

      Pools participating in this attack now have their participants bitcoin hardware investment lose value as the price of bitcoin tanks. Miners and pools go out of business and its the end of the industry.

      3 replies 0 retweets 10 likes
    4. Shrek w/o the K put a Y instead‏ @P2SHrey Sep 5
      • Report Tweet
      Replying to @P2SHrey @NickSzabo4

      Its in miners and pools best interest to maintain a just bitcoin chain to maximise investment return on their hardware. A one time profit from such an event dwarves the future expected return from honestly mining bitcoin on the longest chain.

      3 replies 1 retweet 22 likes
      Nick Szabo  🔑‏ @NickSzabo4 Sep 7
      • Report Tweet
      Replying to @P2SHrey

      Vague, hand-waving nonsense.

      12:29 PM - 7 Sep 2019
      • 7 Likes
      • Flightcrew 🇺🇸 Spookyvier Bastarboo 🎃🦡👻 meki John Woods Wilfred Michael Riding Unicorns to the Moon Ben Westgate
      0 replies 0 retweets 7 likes

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