Brisket on Nostr: It's mainly prevented by incentives. A 51% attack is very expensive & has a very low ...
It's mainly prevented by incentives.
A 51% attack is very expensive & has a very low return unless your aim is to discredit Bitcoin.
Miners are generally very bullish on Bitcoin. They're financially incentivised to support Bitcoin since that's what they're paid in & use as a treasury reserve.
A 51% attack isn't a death sentence for Bitcoin. It will take a 51% attack to occur for most people to actually realise this though.
The bigger risk is the censoring of certain transactions which is why there's such a drive to decentralize block template creation & mining pools. It only takes 1 block to add prohibited (& financially lucrative) transactions to the timechain. Someone will always take the prohibited sats.
A 51% attack is very expensive & has a very low return unless your aim is to discredit Bitcoin.
Miners are generally very bullish on Bitcoin. They're financially incentivised to support Bitcoin since that's what they're paid in & use as a treasury reserve.
A 51% attack isn't a death sentence for Bitcoin. It will take a 51% attack to occur for most people to actually realise this though.
The bigger risk is the censoring of certain transactions which is why there's such a drive to decentralize block template creation & mining pools. It only takes 1 block to add prohibited (& financially lucrative) transactions to the timechain. Someone will always take the prohibited sats.