Post
Topic
Board Bitcoin Discussion
Re: scenarios if US Govt tried to take down bitcoin?
by
User705
on 27/11/2013, 09:48:55 UTC
What would be the most likely form(s) of attack? 
This site always shows the 51% attack costs:
http://coinometrics.com/bitcoin/brix
but part of the ASICs they could acquire for free by seizing them.

At this point, this could be done by controlling two largest pools.

Yes, this is a serious risk.  If the pool members were blind followers, or individually feel that they have something to gain by sticking in the pool and didn't break off.

Then we all lose.  Even them.
Pool members especially casual ones are generally blind followers.  If not by ignorance then mostly by time constraints.  Small miners don't watch the pool nonstop.  The solution is to solo mine but most people don't do it.