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It's genuinely absurd to try to map the Libyan civil war onto crypto currency. There was nearly a "51% attack" on Bitcoin, though it's not accurate to call it a
by badRNG 5y ago
It's genuinely absurd to try to map the Libyan civil war onto crypto currency. There was nearly a "51% attack" on Bitcoin, though it's not accurate to call it an attack (and it was far more than 51% of the hash power.) The SegWit2x upgrade almost went through despite upsetting many Bitcoin enthusiasts, but was ultimately squashed by the loose coalition of miners that proposed it when faced with fierce opposition. They could've forced the unpopular change, and only chose not to.
- notch656a 5y agoBut I wasn't mapping the Libyan civil war onto crypto. I was mapping it onto a factional attack on the systems maintaining a government fiat currency. My whole point is a fiat systems are weak to 51% attack too. I didn't say the factions that destroyed Libyan government could or wanted to destroy bitcoin or any other crypto. I think we're both acknowledging reality of 51% attack.