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Plus, all it prevents Bitcoin from getting attacked with the 51% is that maintaining the network is more profitable than breaking it. As soon as an agent has so
by _jplc 5y ago
Plus, all it prevents Bitcoin from getting attacked with the 51% is that maintaining the network is more profitable than breaking it. As soon as an agent has some objective other than direct profit from Bitcoin, it won't stand a chance.
- bgroat 5y agoNot even. It just needs to be a profit objective that isn't a DIRECTLY from mining revenue. A well funded actor could 51% attack BTC, and short at several times leverage and make their money there. Or double-spend and make money there. Or both!