Ninjastic
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Board Bitcoin Discussion
Re: Can Bitcoin hold the leadership position for ever because the world changes?
by
Charles-Tim
on 16/07/2025, 17:21:53 UTC
Quote from: Zaguru12 on Today at 04:06:48 PM
Quote from: FortuneFollower on Today at 02:03:16 PM
Quote from: Charles-Tim on Today at 01:04:27 PM
If bitcoin blockchain is attacked and become successful, people will know that, the price of bitcoin will fall abruptly which will reduce the money the attackers will gain provided if is a success attack. ASIC are expensive and has no other good function than mining bitcoin which could be a problem for the hackers because the ASIC price will go down significantly and can become useless. Miners will prefer to remain loyal instead.

Who would be able to attack it in such a way? Grin

For now we don’t know who will but one thing we know is that the computational power needed to pull that off is definitely not a small one and that the amount needed wouldn’t as for the moment be profitable. But it is theoretically possible to pull that off. You read about 51% attack to get a glimpse of that.
No one have such computational power. Maybe a country may try so hard to do it, but it is not worth it at all just as I explained above. Also people can think that mining pools can decide to do it but which will destroy their business and they will lose at the end. So in reality, I do not think anyone can do it.