Just because you play Russian roulette ,
and that 1 pull of the trigger did not blow your brains out does not mean the next pull won't.
Just because their was no colluded 51% attack yesterday does not mean their won't be one tomorrow.
Past Performance is No Guarantee of Future Profits.
and that 1 pull of the trigger did not blow your brains out does not mean the next pull won't.
Just because their was no colluded 51% attack yesterday does not mean their won't be one tomorrow.
Past Performance is No Guarantee of Future Profits.
Sure, there are no guarantees in life. Bitcoin's design is based on brilliant game theory, not irrefutable law. But the more years and years that go by, the less convincing your position is.
Inclusions or exclusions of transactions into blocks is the paramount of Control of the bitcoin network.
If you don't know this, you need to read more.
If you don't know this, you need to read more.
What would you have me read?
https://medium.com/nakamo-to/whats-a-51-attack-4b34f4be7651
Quote
When you own 51 percent of a company, you control it.
Having 51 percent of the computing power driving a cryptocurrency increases your ability to control it too.
A mere 4 mining pool operators have 51% control on a daily basis.Having 51 percent of the computing power driving a cryptocurrency increases your ability to control it too.
https://www.blockchain.com/en/pools
Bitcoin is based on greed.
Greed that not colluding will earn them more.
Problems with Satoshi vision , it does not include all economic or social factors,
therefore at some point as rewards lower and input costs increases, the potential of a collusion to earn more becomes more profitable not less.
At that point collusion will occur because it will be more profitable.
Not a question of if , but when?