Nostr Web Client

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?

Please Login to reply.

Until they stop selling.

Most of the hashrate is not backed by bitcoin ideology. These people are corporate suites.

It's not ideology.

51% attack means bitcoin is dead and with it the investments of the miners.

The miners would have to be super retarded to allow that.

And yet, here we are:

Again, as long as nothing specifically bad happens, there's no problem.

You're not spraying water on your house when it's not on fire.

Once there's an actual attack going on then we'll see.

Centralized banks are fine as long as nothing bad happens.