A Topic for the kaspa:native and $BTC community to debate.
In the recent @KaspaSilver interview by @Gemini , @bicepcurl mention that it took him more than an hour to move his Bitcoin during the cold card wallet hack. And it make him anxious. Of course the Kaspa community reply it wouldn’t happen in Kaspa because it is so fast.
But isn’t this a double edge sword?
Incase of an unlikely event like a hack, the hacker is only able to hack 300 wallet per 10 minute due to the block size and speed of Bitcoin. Most people will have time to react to the hack.
In the case of Kaspa, the hacker would be able to hack 3,000 wallet per second or 1,800,000 wallet in the same time spend of Bitcoin block time which is 10 minute.
Was the Bitcoin block size and speed random or design the way it is on purpose? In engineering term, we call it damage control or mitigating the effect of a damage.
Did Satoshi once again proof that he is so ahead of time that he got you covered in case of an unlikely event like a hack.
A Topic for the kaspa:native and $BTC community to debate.
In the recent @KaspaSilver interview by @Gemini , @bicepcurl mention that it took him more than an hour to move his Bitcoin during the cold card wallet hack. And it make him anxious. Of course the Kaspa community reply it wouldn’t happen in Kaspa because it is so fast.
But isn’t this a double edge sword?
Incase of an unlikely event like a hack, the hacker is only able to hack 300 wallet per 10 minute due to the block size and speed of Bitcoin. Most people will have time to react to the hack.
In the case of Kaspa, the hacker would be able to hack 3,000 wallet per second or 1,800,000 wallet in the same time spend of Bitcoin block time which is 10 minute.
Was the Bitcoin block size and speed random or design the way it is on purpose? In engineering term, we call it damage control or mitigating the effect of a damage.
Did Satoshi once again proof that he is so ahead of time that he got you covered in case of an unlikely event like a hack.
@StoneMan287@KaspaSilver@Gemini@bicepcurl lets get it straight first, its not a hack
the wallet didnt add enough randomness to the seedphrase, and the phrase could be guessed
on the other hand you can argue, in kaspa you rescue your funds in seconds
in btc the hacker can overwrite your transaction with a higher fee
Finally a great counter! From the comments, majority of Kaspian are just dumb.
Maybe hack wast 100% appropriate, it was just to simplify things. Okay let’s just call it someone got access to a large amount of addresses which is not theirs.
Fair point there. So for both Kaspa and Bitcoin, is most likely gone case.
Finally one comment where we can talk like educated adult.
First of all, the satoshi part was just sarcastic of course.
Secondly, I didn’t fact check your statement. I just assume is right for now. I will read up later.
So if the transaction was sent to the mempool, is there a chance to reverse the transaction?
@stevent35599419@KaspaSilver@Gemini@bicepcurl Bank is a not a permission-less payment system.
They do have damage control, but not in a way of delaying your payment. They have this thing called daily transaction limit.