Post
Topic
Board Bitcoin Discussion
Re: The attack is 51%. The Bitcoin killer.
by
BlackHatCoiner
on 27/07/2021, 20:05:22 UTC
Suffice it to understand what you're attacking. The revolution set sail; you can't stop it, just like you can't kill an idea.

Seriously, think it. Do you really believe that after this revolutionary creation, people will simply forget it? That this innovative technology will be gone just because the government says so? That we'll let slip the PoW mechanism combined with a chain of blocks containing immutably information?

By attacking Bitcoin, you actually attack your own wealth. Masochism... Kiss

There are maybe two or three which I could see surviving, albeit after taking an enormous hit to their price. But if bitcoin dies, then the majority of the market dies with it.
Which ones do you have in mind?

Ethereum - not a classic 51% attack but effectively the same result (majority of hash rate reversed some transactions), creating Ethereum Classic in the process
Isn't Ethereum fine? I've read that ETC was 51%-ly attacked, but that was long after ETH was hard forked. Ethereum Classic was made due to a hack of a third party project.