4 ms·
If this scenario happens, BTC will have demonstrated enormous power and value, and it is supposedly designed precisely to resist such attacks. I also doubt on
by conanbatt 6y ago
If this scenario happens, BTC will have demonstrated enormous power and value, and it is supposedly designed precisely to resist such attacks.
I also doubt on the feasibility of a global crackdown on miners in the entire world.
- tekknik 6y agoThe enormous value being money laundering? Also the miners ultimately have to swap for some fiat, so they can’t stay in BTC “heaven” forever. Further buyers set the price, not miners. Especially given that using BTC is a luxury except for the underbanked, who also don’t have money and are selling their BTC to get some.
- conanbatt 6y agoIf money laundering is the only use case btc has, and it is the best way to do money laundering, it's going to make a lot of people rich.