Andreas Antonopoulos answers the question about a nation state launching a 7 billion dollar denial-of-service attack on bitcoin by producing empty blocks.
Can a well-funded adversary, one with $7 Billion dollars, take down bitcoin? Denial of service is possible but will it bring bitcoin down? Watch this video and learn more about why a nation state would be foolish to try an attack like this. Chapters 0:00 In a debate between A. Pompliano and M. Green, Green argued that a bad actor with $7bn can bring bitcoin down by DOS-ing it with empty blocks. What truth, if any, does Dr. Green’s message convey and would a nation state attempt such a move? 0:56 A 51% attack is not profitable 1:20 What about a nation-state that is not interested in a monetary reward and the only intention is to break bitcoin? 3:28 Will it bring bitcoin down? 4:01 Countermeasures 4:45 Making bitcoin more popular than ever, thanks to an attack like this This was the first of many questions from the March 2021 Open Topic Q&A where Andreas answers your questions on bitcoin, ethereum, the lightning network, and so much more. See the whole video here: https://youtu.be/U0T49duRt74
0 Comments