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The size of the BTC network is a huge part of its value. It's already hard even for state actors to compromise the blockchain.
by djtriptych 9y ago
The size of the BTC network is a huge part of its value. It's already hard even for state actors to compromise the blockchain.
- cryptodogemoon 9y agoThe hash power that left BTC for BCC momentarily around early November was conveniently 60%. One can imagine the ability of China to mobilize capital infrastructure to dominate mining space, especially when they're manufacturing all the bitcoin ASIC hardware. It seemed like there were grave concerns once ASIC hardware hit BTC, locking normal people out and introducing an attack vector disproportionately favoring existing capital to take over the network.