KenDBerryMD on Nostr: I've been studying the "51% attack" fear about BTC, here's what I found A 51% attack ...
I've been studying the "51% attack" fear about BTC, here's what I found
A 51% attack on Bitcoin is no longer feasible for ANY actor, even a nation-state or $100 billion corporation, because:
-The sheer scale of the hashrate is unprecedented.
-The energy, hardware, and infrastructure costs are insurmountable.
-The Bitcoin community and network’s resilience would mitigate the attack’s effects.
-The economic and reputational consequences would deter any rational actor.
-If a group of major nations outlawed it, investors would riot and/or ignore the law
What did I miss?
A 51% attack on Bitcoin is no longer feasible for ANY actor, even a nation-state or $100 billion corporation, because:
-The sheer scale of the hashrate is unprecedented.
-The energy, hardware, and infrastructure costs are insurmountable.
-The Bitcoin community and network’s resilience would mitigate the attack’s effects.
-The economic and reputational consequences would deter any rational actor.
-If a group of major nations outlawed it, investors would riot and/or ignore the law
What did I miss?