Post
Topic
Board Bitcoin Discussion
Re: What will destroy the bitcoin?
by
Caesar Cung
on 01/04/2018, 04:24:51 UTC
How to destroy bitcoin is hash more than 50% of total hash network (51% attack).
If a person has hash power, then he / she can:
- make double / profit 2x with the same BTC, nice it only has 1 BTC but can transaction for example 5x masing2 1 BTC, can generate mass mass.
- Very likely he can increase difficulty quickly, others become lazy bitcoin miners.

Because it has to fight bitcoin network, it takes very very much and very very other hardware.
who can do this is just a government. Not an ordinary person.

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so what will cause the plug to be pulled? the fact that bitfinex is likely insolvent now?

Shit might explode. we could see a bad crash. This is still a high price to me, lol. I'm talking 1k new stability line
Two possibilities - no base of operations (HK government has told them to leave) or charges pressed against them in a civil court, leading to discovery that the Tethers are unbacked.

Impact on market - hard to predict. It's like a bank run, you don't know where it's going to land.