Do you REALLY understand Bitcoin 51% Attack? Programmer explains.
Bitcoin 51% attack is a theoretical attack that can be caused by someone who possesses 51% or more of the hashing power in the network. Today we talk about exactly what this attack is and how it can be executed.
Thanks for watching guys 💝
🎤 If you would like me to speak at your conference, book me here: https://ivanontech.com
🍻 Join the crypto discussion forum - https://thecrypto.pub
📚 Get my free e-book on Bitcoin and Blockchain - http://eepurl.com/c0hyc9 you will receive the book in your inbox once you sign up
👫👭👬Social:
LinkedIn: http://linkedin.com/in/ivanliljeqvist/
Instagram: http://instagram.com/ivanontech/
Steemit: https://steemit.com/@ivanli
Facebook: http://facebook.com/ivanontech/
Exclusive email list: http://eepurl.com/c0hyc9
🤑 Buy cryptocurrencies: https://www.coinbase.com/join/529bab0ab08ded7080000019
💰 Secure your Crypto with Hardware Wallets:
Ledger: https://www.ledgerwallet.com/r/4607
Trezor: https://trezor.io/?a=rvj3rqtje3ph
Ivan on Tech by Ivan Liljeqvist
Hi Ivanli! :)
I noticed that you still have a lot of Steem Dollars.
You Should be aware of what right now is happening of SBD (mostly on bittrex)
SteemDollars are design/construct in a way to keep a peg with USD. But when a lot of Koreans decided to buy every new coin which was added to upbit, then they by mistake(?) pumped SteemDollar as well.
Something similar already happen in the past in June 2017:
And afterJune peg was successfully recovered after some time. I cannot tell why, but eventually SBD should return back to exactly $1.
That means, that right now it is a perfect time to sell SBD. For what? You can sell it for BTC/ETH/EOS/whatever, but you can also use internal market to buy some Steem: https://steemit.com/market (internal market is not very deep, so you would need to do that in few steps).
With 1176 SBD you could buy ~7077 STEEM. If you would power-up that, your single vote would be 8 times stronger, and worth more than $1 :)
Dude you do such a good job of explaining things, thanks.
very important issue, nice video
Great explanation. Thanks Ivan!
Great video as always!
@ivanli Somebody just copied you post... : https://steemit.com/bitcoin/@kingbrianboru/do-you-really-understand-bitcoin-51-attack-programmer-explains
This is great. I am new to cryptocurrency, but i am trying to get as much knowledge as possible, and this is definetely very informative. Thank you :)
Same here, the more I find out about it, the more I like the concepts.
No I didn't understand how it works, but thanks to you, I have a whole hell of a lot better understanding. So much gratitude for sharing this. Two different versions of the truth? Who can process that? Thank you so much.
Really before i don't know about your post.Your explain is best.I like your explain.
51% is a shot in the attacker's own toe. That was very educational and I learned a lot. Thank you @ivanli