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It's still not obvious whether or not bitcoin is economically secure. With ETFs and other instruments, a mining cartel can potentially spend less money perform
by fragsworth 11y ago
It's still not obvious whether or not bitcoin is economically secure.
With ETFs and other instruments, a mining cartel can potentially spend less money performing a 51% attack than they can make from a massive short sale of the currency.
- Animats 11y agoDouble-spending is detectable by anyone with a full Bitcoin node. It's not in the interest of the big players to double-spend; it would destroy their credibility and devalue their assets. My point is that in the arguments over block size, only what the big mining pools decide to do matters.