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You are right that wouldn't make for a good store of value. But Bitcoin actually does not get attacked "continuously" so that is not an applicable criticism. It
by shawnz 6y ago
You are right that wouldn't make for a good store of value. But Bitcoin actually does not get attacked "continuously" so that is not an applicable criticism. It is conceivable that such a thing could happen but we can expect it to happen approximately never given the incentives in place.
- arcticbull 6y agoEconomic incentives sure, but if it becomes America's currency and it's mined by the Chinese, economic incentives no longer have primacy.
- shawnz 6y agoDon't they? Then what does? I just don't see what the benefit of conducting such an attack would be. Coinholders would practically not be impacted: they could just take their existing keys and bring them into the hard-forked software and continue like normal. Mining might be disrupted for a short time, but is that so harmful to the enemy to be worth spending millions in electricity?