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> Uh, the problem is that this is not a one-time succeed or fail thing. I think you're misunderstanding the risk here. If the mining network reaches a point th
by fragsworth 13y ago
> Uh, the problem is that this is not a one-time succeed or fail thing.
I think you're misunderstanding the risk here. If the mining network reaches a point that it is no longer secure, because the market cap and trade volume is not high enough to support a large computational network, then a single widely publicized 51% attack can cause a near-complete loss of faith in the system.
The damage to cryptocurrencies after such an event is probably irreparable.
- joe_the_user 13y agoPerhaps I didn't phrase it right - definitely think that bitcoin working until it doesn't is a serious, probably insurmountable problem.