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Even if you were to bribe 51% of miners it doesn't necessarily "work". You could do this today, let's call this new fork Bitcoin CraigVision. The trouble is con
by jallen_dot_dev 5y ago
Even if you were to bribe 51% of miners it doesn't necessarily "work". You could do this today, let's call this new fork Bitcoin CraigVision. The trouble is convincing people to value Bitcoin CV or consider it "the real" Bitcoin. But it's not obvious to me why I should value Bitcoin CV above Bitcoin just because it has more electricity being burned to mine it (after all, just because someone works harder doesn't make the product of their labor more valuable). And this altcoin would only temporarily have a higher hash rate, until those miners realize people aren't interested in buying their coins, major exchanges aren't listing it, etc. and they go back to wanting to make money by mining Bitcoin.