Post
Topic
Board Bitcoin Discussion
Topic OP
BTC 51% Attack Potential Entirely Lost?
by
Value.Virtue
on 03/08/2024, 18:04:16 UTC
   BTC 51% Attack Potential Entirely Lost

At the early stages of Bitcoin, 51% attack potential by group of persons was higher due to the low cost of 1BTC then, numbers of BTC circulations at that time or mined BTC available, Market valuability, low global acceptability, etc but today, BTC 51% attack potential is entirely lost because the cost of even attempting or increasing the chances of attacks on the network is very higher than the individual benefits if goal was to be achieved.
The strength of BTC lies on the community or masses at large (decentralized) and decentralization means that BTC is everywhere and held by many or anyone around the globe and it's not centered at one place and nobody or group of persons can fight what's everywhere (decentralized) and who tries to fight what is everywhere like BTC will just be like one who tries to challenge his God (Creator) Who is the only living Supreme Being and yet invisible that happens to be everywhere to a wrestling contest and will surely end up loosing.
Please it's just an opinion, you can as well drop your thoughts, opinions, corrections, comments etc let's continue learning. Thank you.