I saw someone say Bitcoin is immune to 51% attacks because of the "economics of ASIC mining" but economics is exactly why Bitcoin is potentially vulnerable to the same attack.

Qubic is simply using freshly printed money to bid against Monero's block rewards, and the market is dumb enough to value the printed money 3x more than the Monero.

Considering the market is also dumb enough to value printed money more than Bitcoin, one of the main pitfalls Bitcoiners have always needed to worry about is the possibility of the money-printing people deciding to just bid printed money against mining rewards while people are dumb enough to value the printed money higher.

This isn't a new concept at all, but apparently it bears repeating.

#bitcoin #plebchain