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How can anything ever be changed once 51% is abandoned? I also think there will be a gold rush of hacking old wallets one day when the encryption is broken. N

How can anything ever be changed once 51% is abandoned? I also think there will be a gold rush of hacking old wallets one day when the encryption is broken. Not sure if that will happen before or after btc failure though. You can’t upgrade security on lost wallets.

speakfreely 2y ago
I think you're confusing proof of work with proof of stake. The integrity of the Bitcoin network is enforced by the miners agreeing on the rules, not by anyone staking their ownership for governance.
- pineaux 2y ago
  What about if you hack a lost wallet and then you transfer the coins to yourself. No proof of work needed then. It is just there, in your wallet.
  - jeffhuys 2y ago
    Just… really suggest you take a deep dive into blockchain technologies. You’re confusing a few things.
  - bavell 2y ago
    Sure, all you have to do is compute until the heat-death of the universe. No proof of work needed!