Post
Topic
Board Bitcoin Discussion
Re: The demise of Bitcoin. Biggest threat to Bitcoin and all PoW coins
by
mikeywith
on 22/12/2020, 22:52:58 UTC
Alright. I’m going to stop commenting on this thread. I keep saying how it is profitable to launch a 51% attack and everyone else is saying how it is not. I can explain how wrong you are but I’m not going to do that. If I do that, someone else will try to explain how wrong I am again. I see no point in having this discussion.

Where is your argument? I can't see it, you did not show us how a 51% attack is easy and profitable, everyone including those who hate bitcoin or think it's a scam agree that a 51% isn't easy and isn't guaranteed to be profitble, so what you claiming is very serious, and it requirest rock (no pun intended) solid proof, you only have a magic rock of some kind that is located in Sri Lanka which so happened to have had a dozen of blackouts 4 months ago that lasted for 7 hours according to WikiPedia, so if the government of Sri Lanka can't use that magic rock, who can? I suppose at least people who live nearby could plug-in their USB chargers when there is a blackout, but I googled that and I couldn't find anything related.

But you know what, for the sake of simplicity, let's assume that you managed to pull unlimited power out of that rock, what is next? how are you going to convert electricity into hash power and at what cost?