kaal:claim:3125822-021

Acquiring 51 percent of the tokens by paying fees and winning betting pools costs roughly six times the value of the entire quantity of sem tokens in a healthy expertise, even when the bench makes no effort at all to police the incoming fees.

a reasonable estimate for the price of this attack (even when the bench makes absolutely no effort to police this action) is 6 times the value of the entire quantity of sem tokens in existence in the expertise, when the expertise is healthy, i.e., earning fees.

Craig Calcaterra, Wulf A. Kaal, Vlad Andrei, Blockchain Infrastructure for Measuring Domain Specific Reputation in Autonomous Decentralized and A (2018), 4.1.3 The 51% attack, p. 15
https://ssrn.com/abstract=3125822 · source PDF

Craig Calcaterra, Wulf A. Kaal, Vlad Andrei, Blockchain Infrastructure for Measuring Domain Specific Reputation in Autonomous Decentralized and A (2018). SSRN: https://ssrn.com/abstract=3125822

• expertise is healthy, meaning it is earning fees
• assumes no policing by the bench

empiricalsupport: arguedconsensus-and-securitytokenomics

• restated_by kaal:claim:3125827-036 An attacker who buys sem tokens directly from the platform by sending fees must spend at least twice, and more...

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