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The 51% attack you are thinking of applies only to transaction ordering and inclusion in blocks and does not apply to consensus rules (like the 21M limit). Anyo
by frankenst1 6y ago
The 51% attack you are thinking of applies only to transaction ordering and inclusion in blocks and does not apply to consensus rules (like the 21M limit). Anyone (one miner, 5%, 51%, 80%, ...) who decides to change these rules is free to do so and will split off in a new coin.
These splits have already happened multiple times (Bitcoin Gold, SV, ABC, Cash) and most claim to be "the real Bitcoin". They are all either dead or valued <1/100 of BTC.
- dogman144 6y agoyup yup yup. we're back in the era where large, hand-wavy criticisms get sent up w/o any understanding of the previous proof of concepts btc has gone through that quite exactly address the claims. it's getting to a similar point as if "the internet, won't work, too slow" criticisms were just thrown around and given credence after ebay was in operations for a few years.