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You're right that the article doesn't address that counter-argument, but the suggested means of profiting from the attack is immune from it: > A successful 51%
by paulgb 4y ago
You're right that the article doesn't address that counter-argument, but the suggested means of profiting from the attack is immune from it:
> A successful 51% attack, indeed even a credible threat of such an attack succeeding, would almost certainly sow fear and uncertainty in a wide range of public markets. An attacker could leverage this because they would have a certain amount of control over when news of the attack broke, so they could (for example) take a short position on a portfolio of financial stocks before launching the attack.
- JumpCrisscross 4y ago> take a short position on a portfolio of financial stocks before launching the attack This is subject to detection and reversal. FX, credit and rates, on the other hand, could be massively exploited in a risk-on trade.
- humanizersequel 4y ago>This is subject to detection and reversal Why would it be reversed?
- JumpCrisscross 4y ago> Why would it be reversed? Massive short placed right before a sudden financial disaster? It may not be reversed, but it will definitely be frozen and investigated.
- alex_suzuki 4y agoI think one could argue that there are probably easier ways to manipulate a market than a 51% attack on Bitcoin.
- ghiculescu 4y agoIf someone tried to buy 10s of billions of dollars of Bitcoin shorts, who would take the other side of that deal?