Comment by copirate
2 months ago
But to get 10 blocks ahead you have to withhold blocks before knowing you'll be ahead. If you don't get ahead, you'll likely lose the reward of the blocks you withheld.
So, you have to risk a lot of rewards, and for what potential gain? If you win you get to discard some blocks of others. You don't get more rewards, you just make others earn less (and you push the difficulty down a bit).
I can see how you get a chance to double spend, though. If you want to double spend a transaction with N confirmations, you've to be N+1 blocks ahead in your hidden chain, publish your first transaction, wait for N confirmations on the public chain, and you publish your chain that's still 1 block ahead (and includes your double spend transaction).
Indeed, it's not "51% expensive", but it's still very expensive because of the rewards lost during the failed attempts before you get ahead enough. Actually, it might even be more expensive, because with 51% you're guaranteed to get ahead enough at some point, so you don't really risk your rewards (if you can maintain 51%).
> But to get 10 blocks ahead you have to withhold blocks before knowing you'll be ahead.
You KNOW you are ahead, because you found a block and nobody else has published a block.
Yes, but when you find that block you don't know whether you will be 10 blocks ahead in the future. You have to make the decision to put the reward of this block at risk before you know you'll be able apply your strategy. That's what I meant here. It is very costly on average because of the potential loss of the withheld blocks.