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Discover breakthrough in ASIC design strategy. Produce enough mining rigs for the attack but don't bring them online. Buy massive shorts on bitcoin futures. Bri
by taylorfinley 5y ago
Discover breakthrough in ASIC design strategy. Produce enough mining rigs for the attack but don't bring them online. Buy massive shorts on bitcoin futures. Bring all your rigs online at once, 51% attack, confidence and price plummet, make huge profit on the shorts, use profit to buy highly discounted bitcoins, things settle down, market recovers, sell your next-gen mining rigs to all the other miners, use your huge profits to fund R&D into the next breakthrough, wash, rinse, repeat.
- deleted 5y ago[deleted]
- noxer 5y agoSuch a large attack would likely be the end of BTC so the strategy better would bet on it not coming back a better stagey would be to sell the hardware but make sure most of the units sold operate in a pool you control you can have multiple pools to make it not obvious. then attack with the pools so the lose in hardware value is not yours.
- deleted 5y ago[deleted]