The requirement is that the good guys collectively have more CPU power than any single attacker.

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Yep. Full context on page 35 of "Kicking the Hornet's Nest"

https://crrdlx.vercel.app/kicking/Kicking_the_Hornets_Nest-e3-20241005.pdf

#randomx

#monero

this is literally the advantage of CPU specific mining algorithms.

Famous last words

The requirement starts to fail when the "good guys" believe they are the good guys and don't realize they are opening up this very attack vector.