Post
Topic
Board Bitcoin Discussion
Re: Bitcoin IS basically DESTROYED
by
GMPoison
on 06/01/2017, 05:42:04 UTC
You didn't answer my question but thank you for numbers that without your tin foil and speculation are completely harmless. Like I said, mining pools ≠ miners. No threat, not even with a 51% attack.

The Answer is in front of you , if you deluded yourself into missing it , that's on you and no one else.
Funny how you even ignored it when I posted the Chinese Miner admitted they could 51% attack BTC and win.

http://www.coindesk.com/china-miners-big-blocks/
Quote
It was not entirely an idle joke when one speaker at China's first miner conference quipped that
if the audience decided to launch a 51% attack against the bitcoin network, they would probably be able to pull it off.


 Cool



1. You didn't answer my question. You can in no way confirm that the 250 people that attended that conference represent 51% of the ENTIRE bitcoin network. You would be naive to make such a claim.
2. An argument from authority is one of the worst you can make, so stop linking that same article, which also doesn't answer my question, or prove why the next point I'm about to make is incorrect.
3. A "catastrophic" 51% attack isn't at all realistic and wouldn't actually be all that "catastrophic".