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On the flip side, if the perpetrator could cover their tracks, the potential would be much greater than 6.5 billion. The feasibility of this depends on how many
by chejazi 11y ago
On the flip side, if the perpetrator could cover their tracks, the potential would be much greater than 6.5 billion. The feasibility of this depends on how many wallets are audited by external systems (humans and machines), and the ability to identify ones that are not. Once the word gets out, I agree with you it becomes a bank run and the value goes to zero.
- schmichael 11y ago> if the perpetrator could cover their tracks, the potential would be much greater than 6.5 billion I think it's interesting to consider that this already could have happened or could currently be happening. A sophisticated attacker may be quietly reaping rewards in such a way that it's going unnoticed. Granted it's unlikely given Bitcoin's core design is to prevent exactly that kind of untrackable-bad-actor-behavior, but it's absolutely possible with known weaknesses like a 51% attack. I would hope some of the parties heavily invested in Bitcoin have verification tools that monitor the mempool vs. what ends in the Blockchain as I think even the most subtle attacks could be discovered that way... however even that may require an impossible perfect knowledge of the global mempool at any point-in-time.