3 ms·
> the original chain would simply die because of the difficulty I just want to point out that difficulty decreases when there's less mining. Difficulty would n
by matthewbauer 9y ago
> the original chain would simply die because of the difficulty
I just want to point out that difficulty decreases when there's less mining. Difficulty would not be the problem. Bitcoin would just be more vulnerable to a 51% attack with less hash power.
- gizmo686 9y agoThis assumes that there is enough hashrate left to reach the next difficulty adjustment (every 2016 blocks). This is even worse because it would likely be corralated with a loss of market value for Bitcoin, which lessens the incentive to mine. Combined with the ease at which miners can switch to another coin (or, at least, another bitcoin fork), and it is easy to imagine a death spiral where Bitcoin simply fails to lower its difficulty because it does not have enough hashrate to do so.