kaal:claim:3411110-013

The double spending problem has not been eradicated in theory: a group or syndicate obtaining 51 percent control of a network could reverse transactions and create a private chain that the market could only limitedly discern as not real.

There is the possibility a group or syndicate could gain 51% control over the network and would therefore be able to reverse transactions and create a private blockchain, which the market could only limitedly discern as not real.

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019), III.2 Proof of Ownership, p. 15
https://ssrn.com/abstract=3411110 · source PDF

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

• a decentralized network where one party can amass majority hashing control

failuresupport: arguedfailure: 51 percent control attackfamily: consensus-and-protocol-attackconsensus-and-securityrisk-and-incentives

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