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If its banned then not only can government shutdown large mining operations but government resources can be spent on 51% attacks to discredit them.
by jeremyjh 5y ago
If its banned then not only can government shutdown large mining operations but government resources can be spent on 51% attacks to discredit them.
- noxer 5y agoLiterally irrelevant for any non-PoW coin out there aka the majority of all coins.
- FabHK 5y agoOr government could shut down exchanges that allow conversion to fiat. Then let's see how much you can really buy with crypto.
- vgalin 5y agoPerforming 51% attacks in the hope of discrediting an asset would be a waste of resources. Such an attack on the Bitcoin ecosystem would nowadays cost several billion in hardware and electricity, and all the community has to do in order to repair the damage would be a hark fork. 51% attacks happened in the past and most of them had little to no impact on major assets.