Following scenario: A government would like to destroy Bitcoin. It buys a significant number of ASICs to build up a huge mining farm and carries out a 51% attack.
From my point of view it will not be so easy to buy so many ASICs as once - what do you think?
Another question: Will it be noticed (how?) that somebody buys a big stack of ASICs and/or are we able to identify such a behavior monitoring the network's hashrate?
From my point of view it will not be so easy to buy so many ASICs as once - what do you think?
Another question: Will it be noticed (how?) that somebody buys a big stack of ASICs and/or are we able to identify such a behavior monitoring the network's hashrate?
If the world governments wanted to destroy bitcoin, they would fire hellfire rockets into any dwellings that housed bitcoin miners.
Problem solved.
They “can”, but no they won’t, and never will.
Quote
You're thinking like a nerd instead of a soldier.
No, he is thinking about the most practical and the most probable in how to “kill Bitcoin”. It has obviously now become “too big”, that simply accepting Bitcoin as one of those “brands” we humans have to live with. Like Apple products, not all like them, but they live with people who own them.
Quote
FYI:
No different than thinking your bitcoin is safe , because no computer can crack your secret password.
While the criminal thinks he will just keep hitting you with the $8 plumbers wrench until you talk.
Then tive him the BSV, tell the criminal it’s the real Bitcoin. Haha.