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authorDavid Vorick <david.vorick@gmail.com>2014-01-04 03:49:52 -0500
committerbitcoindev <bitcoindev@gnusha.org>2014-01-04 08:49:59 +0000
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treedfaf49ea39b2d2ac14707091cb3527a423a6b9b4
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Re: [Bitcoin-development] Merge mining
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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] Merge mining
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+
+If you have the resources to attack one of the bigger altcoins, you
+probably have a significant investment in the cryptocurrency space, and a
+significant interest in protecting it. Compromising even something like
+dogecoin would cause a lot of questions to be raised and likely drop the
+value of bitcoin as well as all the cryptocurrencies using the same work
+function as dogecoin.
+
+Right now, there's very little benefit to attacking a significant currency,
+because it would be very expensive and likely traumatize the whole system.
+Unless it's some power like the NSA, I don't think there's much to worry
+about.
+
+
+On Tue, Dec 31, 2013 at 2:38 AM, <rob.golding@astutium.com> wrote:
+
+> > But there's so much 'dry powder' out there (GPUs), I wonder if *not*
+> > supporting merge-mining is any better? At least the attacker has to do
+> > some unique PoW, so you hope it's costing them something.
+>
+> With lots of people having access to 100TH+ there's not really much
+> 'cost' to doing a 51% attack on an alt-coin beyond a short-term
+> diversion away from 'profitable' mining.
+>
+> At least by supporting merged mining, more miners are likely to
+> 'support' multiple coin types, thus making a 51% attack from an
+> individual/group less straightforward.
+>
+> >> The rational decision for a non-scam altcoin, is to take advantage of
+> >> merged mining to get as much security as possible.
+>
+> Exactly.
+>
+> Rob
+>
+>
+> ------------------------------------------------------------------------------
+> Rapidly troubleshoot problems before they affect your business. Most IT
+> organizations don't have a clear picture of how application performance
+> affects their revenue. With AppDynamics, you get 100% visibility into your
+> Java,.NET, & PHP application. Start your 15-day FREE TRIAL of AppDynamics
+> Pro!
+> http://pubads.g.doubleclick.net/gampad/clk?id=84349831&iu=/4140/ostg.clktrk
+> _______________________________________________
+> Bitcoin-development mailing list
+> Bitcoin-development@lists.sourceforge.net
+> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
+>
+
+--047d7b33d7a828dfa804ef211c8c
+Content-Type: text/html; charset=ISO-8859-1
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"ltr"><div>If you have the resources to attack one of the bigger=
+ altcoins, you probably have a significant investment in the cryptocurrency=
+ space, and a significant interest in protecting it. Compromising even some=
+thing like dogecoin would cause a lot of questions to be raised and likely =
+drop the value of bitcoin as well as all the cryptocurrencies using the sam=
+e work function as dogecoin.<br>
+<br></div>Right now, there&#39;s very little benefit to attacking a signifi=
+cant currency, because it would be very expensive and likely traumatize the=
+ whole system. Unless it&#39;s some power like the NSA, I don&#39;t think t=
+here&#39;s much to worry about.<br>
+</div><div class=3D"gmail_extra"><br><br><div class=3D"gmail_quote">On Tue,=
+ Dec 31, 2013 at 2:38 AM, <span dir=3D"ltr">&lt;<a href=3D"mailto:rob.gold=
+ing@astutium.com" target=3D"_blank">rob.golding@astutium.com</a>&gt;</span>=
+ wrote:<br>
+<blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1p=
+x #ccc solid;padding-left:1ex"><div class=3D"im">&gt; But there&#39;s so mu=
+ch &#39;dry powder&#39; out there (GPUs), I wonder if *not*<br>
+&gt; supporting merge-mining is any better? At least the attacker has to do=
+<br>
+&gt; some unique PoW, so you hope it&#39;s costing them something.<br>
+<br>
+</div>With lots of people having access to 100TH+ there&#39;s not really mu=
+ch<br>
+&#39;cost&#39; to doing a 51% attack on an alt-coin beyond a short-term<br>
+diversion away from &#39;profitable&#39; mining.<br>
+<br>
+At least by supporting merged mining, more miners are likely to<br>
+&#39;support&#39; multiple coin types, thus making a 51% attack from an<br>
+individual/group less straightforward.<br>
+<div class=3D"im"><br>
+&gt;&gt; The rational decision for a non-scam altcoin, is to take advantage=
+ of<br>
+&gt;&gt; merged mining to get as much security as possible.<br>
+<br>
+</div>Exactly.<br>
+<br>
+Rob<br>
+<div class=3D"HOEnZb"><div class=3D"h5"><br>
+---------------------------------------------------------------------------=
+---<br>
+Rapidly troubleshoot problems before they affect your business. Most IT<br>
+organizations don&#39;t have a clear picture of how application performance=
+<br>
+affects their revenue. With AppDynamics, you get 100% visibility into your<=
+br>
+Java,.NET, &amp; PHP application. Start your 15-day FREE TRIAL of AppDynami=
+cs Pro!<br>
+<a href=3D"http://pubads.g.doubleclick.net/gampad/clk?id=3D84349831&amp;iu=
+=3D/4140/ostg.clktrk" target=3D"_blank">http://pubads.g.doubleclick.net/gam=
+pad/clk?id=3D84349831&amp;iu=3D/4140/ostg.clktrk</a><br>
+_______________________________________________<br>
+Bitcoin-development mailing list<br>
+<a href=3D"mailto:Bitcoin-development@lists.sourceforge.net">Bitcoin-develo=
+pment@lists.sourceforge.net</a><br>
+<a href=3D"https://lists.sourceforge.net/lists/listinfo/bitcoin-development=
+" target=3D"_blank">https://lists.sourceforge.net/lists/listinfo/bitcoin-de=
+velopment</a><br>
+</div></div></blockquote></div><br></div>
+
+--047d7b33d7a828dfa804ef211c8c--
+
+