New answers tagged majority-attack
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Attaining half of the hardware is the prohibiting step here. With China recently kicking all miners out of the country, Bitcoin is now in a place where not even nation-state-level action will be enough to get 51% of the hashpower.
Should mention on 3), as a miner you can't simply mine a block that "sends BTC to their account". Even under a 51% ...
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The correct answer is yes, they can. And the claims about falling value in that scenario are borderline illiterate. Imagine they rise the fees, and you hold all your savings in BTC. What are you going to do? Sell? And who is going to buy? Some shady people for ridiculously low price to compensate for the risks. You will be locked within your “free” “...
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