Post
Topic
Board Bitcoin Discussion
Re: Interview With Jeff Smith, CIO CEX
by
TheClownSong
on 01/10/2014, 00:11:01 UTC
Not entirely impractically if you're the US Govt, but very very very expensive  Grin Estimates are around $666m right now, to do a 51% attack [1].

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[1] http://www.coinometrics.com/bitcoin/rix
Even if you were to successfully launch a 51% attack on the network, the "honest" nodes and miners could simply ignore the blocks that were found by the attacking miners so the 51% attack would ultimately not work.

Also any 51% attack must be sustained over the long term and not just over a few hours or a few days, as the network could simply do a soft fork from when the attack had started if it ends early enough