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I think fragsworth was suggesting one could short Bitcoin (a lot) then launch a 51% attack to erode confidence in Bitcoin, thus dropping the price, and profitin
by tlrobinson 13y ago
I think fragsworth was suggesting one could short Bitcoin (a lot) then launch a 51% attack to erode confidence in Bitcoin, thus dropping the price, and profiting from your short position.
- fragsworth 13y agoA 51% attack, compounded with a massive short-sell, could drop the price to effectively nothing.