Post
Topic
Board Bitcoin Discussion
Re: The demise of Bitcoin. Biggest threat to Bitcoin and all PoW coins
by
jabbathe69
on 21/12/2020, 15:15:35 UTC
~
If you have unlimited free energy, you don’t have to have 1 million ASICs to launch a 51% attack. You would only need one giant ASIC. Yes. It will be expensive. But, the return on investment is much higher. ~

Apart from taking into consideration what stompix said about "one giant ASIC", I think you should still watch that 2 minutes video, Andreas Antonopoulos - 51% Bitcoin Attack , I was talking about earlier in this thread.

There will be no return! The attackers will just lose huge money, that's all.

Watched it. I have a counter argument. He said “ we kick those bastards off the network, rework the protocol around them”

Then the attacker will simply join the forked blockchain again and continue to double spend again. The amount of power needed will also be a lot less this time. How are you going to rework the protocol around them? You can’t.