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Wouldn't Bitcoin lose a lot of value if such an attack happened?
by jimmaswell 7y ago
Wouldn't Bitcoin lose a lot of value if such an attack happened?
- bduerst 7y agoDoubtful. The bitcoin community would react how it usually reacts towards large thefts or scams: blame the victim. I.e. It's their fault for not understanding X, doing Y, or having Z security; in this case the fault being having that much BTC in one wallet and one transaction.
- kabacha 7y agoYup BTC would be dead no doubt.
- sp332 7y agoNo, because future attacks wouldn't get any easier. One successful attack is just one successful attack. If your transaction is not worth a billion dollars, you're safe.
- jimmaswell 7y agoI'm pretty sure a lot of people would lose trust in the whole ecosystem from such a thing happening and/or not want to use it anymore.