Post
Topic
Board Speculation
Re: Is this the reason the bitcoin price is not exploding right now?
by
yorma_kappa
on 22/09/2014, 05:56:55 UTC
Also, I disagree that the $650M is supposed to "purchase decentralisation". What it's really purchasing, if anything, is security. In the context of bitcoin, we can measure security by the amount it would cost an attacker to mount a 51% attack. Right now, that's ~1800 BTC per day, or nearly $1M/day.