Quote from: LoyceV on Today at 09:23:15 AM

Allow me to quote myself:

Quote from: LoyceV on July 04, 2021, 12:41:07 PM

That worries me (a bit): More than 54% of bitcoin’s hashrate ~ has dropped off the network since its market peak in May. If someone were to collect all this hashing power, it would be enough for a 51% attack.

Speaking abstractly, I can say with confidence that naked statistics do not reflect the real state of affairs, not to mention the fact that, earlier on my own experience, I was repeatedly convinced of this (we are talking about statistics). Continuing the thought in an abstract spirit, I can also invite all of us to think logically ... A 51% attack is the collapse of an entire industry, it is not even hundreds of billions of dollars, the success of such an attack would mean a trillion dollar infrastructure collapse. I mean, the sector leaders have definitely discussed such a theoretical scenario behind closed doors, and I think these 5-6 people have a plan of action in such a case. And in speaking of such a plan, I am not at all referring to shorting Coinbase stocks as a hedging tool, I mean an emergency consolidation or redistribution of mining power.