Discussion
That's not one entity. Did you even listen to Andreas video lol you are not understanding
It’s 50 entities, a lot operating under the laws of one jurisdiction. There are 100 times more fiat banks in the USA than that…
So not one.. how about all the other ones it's a Consensus mechanism majority rules right and if you have 51% of the mining power why would you want to mess that up you have 51% meaning most or all the mining rewards go to you so why hard fork if you are getting most of the rewards and if you had fork to a fake btc because no it will be fake because you hard forked bro whoever whoever does this is just retarded stupid as fuck.. btc is so strong ppm gonna shit their pants because they should of just bought some
And if they block my transactions, okay, they block it. But what makes you think the other 49% of the miners are not gonna validate my transactions. My transactions might take longer. But a Miner in Indonesia or Africa will validate my transaction, bro.
That’s not the danger, as I understand it, of a 51% attack. The danger is an entity (government/ hackers etc) seizing the hashpower of those 50 miners (which is getting even more centralised over time) and then forcing a change to the base layer.
