You really think at >600 Eh a 51% attack is a real risk? Honest question (seems far fetched to me but idk)
Discussion
yes.
nation states can spin up that much by buying all new and second hand hardware, it might be be "profitable" but if the goal is to disrupt bitcoin they would be successful.
but I think what is being referred to is even easier than that. 2 pools already control ≈ 51% of the hashrate and they could easily collude and do some shady shit
again miners don't have to be honest, they just have to be reasonable.
this is old fud try harder monerotard
people like you who sit there in denial and don't want bitcoin to change, if you get your way, will be the reason bitcoin fails.
bitcoin isn't perfect and it's up to us to keep working on it to make it better everyday, if you know me you know I don't do fud at all.
I didn't say I didn't want it to change, I said 51% is not an attack vector any longer.
hashrate is nowhere near enough for that (yet)
Its true. Miners need enough revenue to keep competing and keep the difficulty high. With every halving, miners revenue is cut in half.
Bitcoin price will keep going up, you can say, but USD is a shitcoin, if we don't generate enough BITCOIN revenue for the miners, the hashrate will keep falling and we will be more and more vulnerable to nation state attacks.
power gets cheaper and the hashrate continues to go up
If power becomes cheaper, its cheaper for you and for the attacker. How will that mitigate the 51% attack?
I watched the video but it just says you can make changes to the Bitcoin protocol to fight against a nation state attacking the network with 51% of ASICs. How is this a solution? What is that change?
Nobody knows what that would look like, but measures would be taken if the time comes.
I'm not sure why you just assume the state is going to be able to seize all asics without blowing anything up.
the state is good at violence, not much else
ok bro then I guess we better hope for the best 🫡