pull down to refresh
20 sats \ 9 replies \ @Undisciplined OP 11 Aug \ parent \ on: Should the US Government Acquire a Bitcoin Reserve? • Listen on Fountain bitcoin
They definitely aren't, but we were never going to get to choose.
reply
From what I understand, a 51% attack actually requires far more than 51%, because of the probabilities involved.
I suppose it's possible they would pursue that, but I don't think it's likely.
reply
reply
Wouldn't people just stop using it, though? It seems like a very crude and expensive attack on bitcoin savings. Considering that many mainstream investors hold Bitcoin now, I'm not sure why they'd want to do this.
reply
reply
No, it would go to zero, because trust would be lost in the network.
reply
reply
If others are holding it then they will also likely be mining it, if only to defend against a 51% attack.