New answers tagged majority-attack
2
The start of @Saxtheowl's answer is correct, such an attack requires a huge amount of capital and investment to pull off, as the attacker will need to invest in a huge number of ASIC miners, and gain access to a huge amount of energy. Once the attacker is set up, they face the dilemma of just mining honestly and gaining a reward for doing so (block reward + ...
0
It is highly unlikely mostly because, such an attack have to be maintained we are talking in the range of dozen of billions of dollar of equipment, electricity cost... and this cost will keep growing, and there will be no value for the attacker because nobody will want to use such a "cheating chain"
Here what will mostly happen:
The Bitcoin price might ...
0
Won't happen.
Bitcoin's value (like that of most currencies) is based entirely on the belief that it has value. If someone were to perform a 51% attack on Bitcoin, it would greatly weaken the belief in Bitcoin, and the value would collapse. If a pool were to perform a 51% attack, they'd get a little money from the success of the attack, but at the cost of ...
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