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Active Critical Bitcoin Exploit: A Financial Attack Swept Under the Rug (twitter.com/123456)
2 points by pbear2k23 on Oct 10, 2023 | hide | past | favorite | 1 comment


i discovered the issue if anyone would like for me to unpack anything.

content snippet + attack code:

the takeaway from pad vs bitcoin is that a botnet can remotely charge public listening node operators thousands of dollars.

that would snowball into a mass exodus of public nodes until all that remained were millions lost unexpectedly by thousands of node operators - and a network centralized by entities able to weather the cat 5 hurricane of upstream overage fees, like:

1. mining pools

2. exchanges

3. hnwis

4. governments

effectively centralizing the network and causing countless millions in damages. the ethos of bitcoin and the financial survival of its operators are at stake.

example attack code: https://github.com/visualbasic6/drain




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