PART1 - 51% attack - Silicon Valley Season 5, Ep8

totally decentralized internet will be live in five [Applause] [Music] [Music] [Music] you have to see this what's wrong now a good thing a good thing has finally happened don't with me not look at the user numbers I just knew that if we kept plugging away eventually we'd get some traction and reach an inflection point what did I keep saying give us time and then we'll clock yes Holden that's right except for the part but yes and now we are gaining almost 12,000 users an hour [Applause] whose bag is this Oh scoot over Collin hey Matt what are you doing here I like the beard he's throwing a party yeah something that you and Kay whole games could have been a part of had you not walked out on us come on man Laurie was our VC she's the one that made me pull the game and bail on you guys so you just do whatever Lori says huh well she had controlled my board I have been cooking up a solo project on the side for a few years it's a killer new game and I was thinking maybe we would launch it on your network it's a sweet indie RPG I'm calling it the gates of Gulu I have a ton of pre-sales we put this thing on Piper net BAM you got 80,000 instant users what do you say kiss my piss kiss my piss all right I get it wait why are there eight bars who's that no idea but whoever it is they're the reason for most of our new user growth means to some non Piper at they're signing up users to our network own mess how'd they get access to our system without a key from us the only way in is to steal our software there no one's stolen our software except for oh the beauty of our decentralized internet is that no one controls it but if 51% were controlled by one entity like say Laurie and Yao they could rewrite the rules for everyone they can delete all of our users all of our developer apps crash our coin this would be the end of Pied Piper what's going on Richard there's no easy way to say this jinyang is moving back into the house right you expect me to work for Jeff besos no way don't take this as any kind of threat but if Amazon buys this company I am out we spoke to Jeff an hour ago it sounds like the two of you are on the same page about that I'm the glass yeah oh it's all smashed up again what do you want Richard I need your help John do we still have the prototypes of my signature box three strung up yeah they told us they were gonna send more but they never did but that's a long story I got time yeah listen John I need you to give admin access to Richard Hendricks hey what the just happened dick where are you I'm at Gavin's I just gave his boxes permission to mimic a ship telephones on our network Oh second yes exactly now you can't get to 51% where are we with the patch closed but you do realize that now that we're below 51% we can't deploy it but since Gavin is holding off yeah we can't lose either he just bought us some time okay I'll see you in a bit well Gavin thank you very much you just gave me and my guys a fighting chance no it just happened here Richard yes no seems to me you're the one that just gave me a fighting chance Nihao it's Gavin Belson for mr. Yao so you want us to delete all of our phones right now we're in a standoff you can't win but if you back off I can I have more devices than anyone I will reach 51% and take control of this little shits Network you know can i chime in here I actually think that this is a bad idea

Channel: 5hort5ubject

Views: 780,741

Rating: 4.7964468 out of 5

Keywords: Silicon Valley Season 5, 51 attack, ICO, Bitcoin, Blockchain, PiperNet, Monica

Id: mhUjJmGguY0

Length: 5min 7sec (307 seconds)

Published: Mon May 21 2018