Post
Topic
Board Bitcoin Discussion
Re: Grayscale keeps buying bitcoin.
by
Jating
on 16/11/2020, 22:19:17 UTC
The biggest crypto fund Grayscale Bitcoin Trust bought another 15 114 BTC last week and fund's crypto AUM is almost $10B with 506 000 BTC. In my opinion such BTC stockpiling can be dangerous like a 51% attack but I didn't find any information is Satoshi Nakomoto ever mentioned that.

Nah, 51% attack is different and shouldn't be equate to GrayScale having huge amount of BTC. I advise you to read the following threads to have a clearer picture of what a 51% attack is:

(a) How exactly would a 51% attack work?

(b) 51% Attack

(c) Bitcoin 51% Attack - Protocol solutions?