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That is assuming a 51% attack is only about double-spends. There are other attacks which can be done without trying to double spend. Still it this exact belief
by thisisit 9y ago
That is assuming a 51% attack is only about double-spends. There are other attacks which can be done without trying to double spend.
Still it this exact belief in math that will become a self fulfilling prophecy and keep bitcoin afloat way past someone executing 51% attack.
- sowbug 9y agoRight, my reply simplified the issue. But generally, it's a fair generalization that if step #1 in taking down Bitcoin is acquiring >50% of mining power, most rational actors will go off-mission and decide that step #2 is mine Bitcoin, not screw with it.