bitcoin fails the moment a monopoly forms in mining; we call it a 51% attack
Discussion
How long of a 51% attack would need to be sustained ?
bitcoin as a protocol is transparent enough to let anyone openly audit the system
I disagree. The incentives drive miners to have a modicum of integrity.
Besides, we’ve seen 51% accumulation on mining before and bitcoin has survived them all.
We re already there
Only if the attack is actually executed.
Although I dont follow Antonopoulus since he mastered Ethereum maybe this helps