4 ms·
> doesn’t require you to ever own any Bitcoin It requires you to borrow bitcoins from someone -> sell them -> do the attack -> buy them back -> and then return
by louloulou 4y ago
> doesn’t require you to ever own any Bitcoin
It requires you to borrow bitcoins from someone -> sell them -> do the attack -> buy them back -> and then return them.
If you could borrow enough bitcoin, and gain enough hash, and crash the price enough for it to be profitable, it could possibly kill Bitcoin. Seems like an insane gamble to me though.
- Retric 4y agoI agree. That said if I where writing a story I would have the protagonist gain the hashing power first, something strands their assets such as increased electricity prices making mining unprofitable or a next generation of hardware coming out etc. Then they come up with the idea of a big short.
- louloulou 4y agoThe cool thing about that also is the hash power can be accumulated secretly and dumped on the network all at once