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Could a committed nation state try to 51% attack a popular currency for nefarious purposes? It would seem to me (given these oligarchs' assets are frozen outsid
by arzt 9y ago
Could a committed nation state try to 51% attack a popular currency for nefarious purposes? It would seem to me (given these oligarchs' assets are frozen outside of Russia and that they are seemingly unbankable in the west), that having control of ethereum/bitcoin mining power would be a relatively easy way to move money around, obfuscate the movement of that money, and steal some in the process.
- goodplay 9y agoThey could. However, they would risk making the currency worthless if detected. I expect the only situation in which 51% attacks would be useful is when a party wants to deliberately destroy a currency.