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The document mentions: The only current known defense against chip attacks is trying to make the cost of a chip attack as high as possible. To make things worst
This argument is valid, so why is it written (To make things worst). Especially if you consider the Bitcoin model. Bitcoin, besides being based on software, it has an economy behinds it. Bitcoin can be destroyed using economic resources. There are calculations around this: https://cryptopotato.com/this-is-how-much-you-would-need-to-spend-to-execute-51-attacks-on-bitcoin-and-ethereum/
I do think there needs to be a calculus on how much $ would cost to a chip attack.
There's a possibility that using physics we don't need to rely in an economic incentive, but for now even Bitcoin relies on it.
The text was updated successfully, but these errors were encountered:
Valid point! Will try to reformulate the sentence to make it clearer! The issue is not exactly that relying on economic incentives is a bad thing, but that in the case of chips, the cost of an attack is guessed to be very low in the context of web3 protocols. So, the "To make things worst ..." words build on the guess that the costs of chip attacks is relatively low (e.g. 1 million dollars), but that in addition to being low we don't even have a precise number, and that's why it's worst.
The document mentions:
The only current known defense against chip attacks is trying to make the cost of a chip attack as high as possible. To make things worst
This argument is valid, so why is it written (To make things worst). Especially if you consider the Bitcoin model. Bitcoin, besides being based on software, it has an economy behinds it. Bitcoin can be destroyed using economic resources. There are calculations around this:
https://cryptopotato.com/this-is-how-much-you-would-need-to-spend-to-execute-51-attacks-on-bitcoin-and-ethereum/
I do think there needs to be a calculus on how much $ would cost to a chip attack.
There's a possibility that using physics we don't need to rely in an economic incentive, but for now even Bitcoin relies on it.
The text was updated successfully, but these errors were encountered: