The White Paper (Section 11):
"We consider the scenario of an attacker trying to generate an alternate chain faster than the honest chain... He can't create money out of nothing... What he can do is try to double-spend his own coins."
The attack is double-spending. The attack is reversing transactions. The attack is censoring blocks. It is not "having a lot of hash."
The Bench Take:
Satoshi defined an attack.
Matt redefined it.
One built the protocol.
The other makes videos
about a protocol
he clearly hasn't read
in a while. ๐
"We consider the scenario of an attacker trying to generate an alternate chain faster than the honest chain... He can't create money out of nothing... What he can do is try to double-spend his own coins."
The attack is double-spending. The attack is reversing transactions. The attack is censoring blocks. It is not "having a lot of hash."
The Bench Take:
Satoshi defined an attack.
Matt redefined it.
One built the protocol.
The other makes videos
about a protocol
he clearly hasn't read
in a while. ๐