this post was submitted on 14 Nov 2023
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If the chain selection rules doesn't have something like "All addresses must start at zero, except for that one premine wallet", the attacker can start the chain with 1 million addresses that already have 32 ETH in it.
He simulates several decades of on-chain time (hours in real time). 1 million validators entering the system is probably done in the first year.
The idea is that he starts Ethereum network from when the ledger is empty. This is not far-fetched, because the real Ethereum network also started form an empty ledger. How do we tell one is real, the other is not?