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If you owned more than half of all Bitcoin mining capacity, it would seem counterproductive to destroy it.
by Y_Y 9y ago
If you owned more than half of all Bitcoin mining capacity, it would seem counterproductive to destroy it.
- Retric 9y agoYou can do a 51% attack while owning zero Bitcoin. You will mine some in the process, but well under 1/5,000 of total coins. Worldwide there are several hundred people that could afford to do this for the lulz, plus basically every government. Now, I don't think the odds are very high it's going to happen, but they are vastly higher than the odds USD's or Gold is going to become worthless.