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hypothetical situation.. the Russian government spins up an enormous amount of processing power and performs a 51% attack on bitcoin, and "steals" billions of w
by legohead 8y ago
hypothetical situation.. the Russian government spins up an enormous amount of processing power and performs a 51% attack on bitcoin, and "steals" billions of worth. is there any recourse?
- easymodex 8y agoYou can't steal bitcoin, you can just double spend and the market would detect that immidiately and the price would plummet, leaving you with billion dollar worth of worthless ASIC infrastructure. So yeah the recourse is it would directly cost you billions and you will gain nothing.