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> I've seen a more recent estimate that it would be $20 million to mount such an attack. The point of BTC's resistance to attack is that as it grows as an econ
by zanny 14y ago
> I've seen a more recent estimate that it would be $20 million to mount such an attack.
The point of BTC's resistance to attack is that as it grows as an economy it becomes harder to attack. It is vulnerable now because it's market cap is in the millions while the US gov't deals in trillions. If BTC markets ever came close to rivaling a fiat currency nobody would realistically be able to mount a trillion dollar or more hardware attack on the "good" guys in the block chain.
- stcredzero 14y ago> If BTC markets ever came close to rivaling a fiat currency nobody would realistically be able to mount a trillion dollar or more hardware attack on the "good" guys in the block chain. The problem with this, is that it presupposes opponents with no foresight. If bitcoin was clearly on a trajectory to unkillable, the US might notice and decide to kill it.