A New Trustless Way to Calculate the Bitcoin Price

bitcoinmagazine.com

1 pointchedoku3 comments

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Cool, but if it becomes popular enough to drive liquidity, wouldn't it be vulnerable to a 15% attack?

15% is still a lot for such a large network, of course.

If you hadnt typed "15" twice, i would have thought you typoed "51% attack".

To the ones like me, who dont know. Here is an explanation.

https://engineering.cmu.edu/thailand/_files/documents/tendri...

Edit: I am not sure if the PDF really describes the attack you mean. Could you uncrypto please?

So the article says this new method of calculating price is based on ~15% of crypto transactions correlating to a round number in some kind of fiat

You can use educated guessing to find that round number, as you have so much data pointing to it

But that's only 15% of all transactions; if there was money on the line, you could submit your own transactions to game this system for your own benefit. You only need to beat that 15% or so of transactions the article quoted.

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