Post
Topic
Board Bitcoin Discussion
Re: The attack is 51%. The Bitcoin killer.
by
NeuroticFish
on 27/07/2021, 19:56:07 UTC
By that I mean a 51% attack which double spends a handful of specific transactions, as opposed to a prolonged and sustained attack just mining empty blocks to censor the entire network, or something similar.

That's what I also meant, although indeed a state could do huge damage if it would manage to pull a sustained attack like you mentioned.


And yet all these coins continue to have volumes of billions of dollars and attract new users.

Ethereum had quite a blow back then. And the rest of the coins you've mentioned are imho speculation coins, so the comparison with Bitcoin may not be correct/good.


Provided that the 51% attack was short lived, and bitcoin continued to function normally afterwards, then there might be a hit to the price, but I don't think it would be the end of bitcoin.

I hope you're right. Or, even better, I hope that we'll never find out.