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30 sats \ 8 replies \ @Satosora 12 Aug \ parent \ on: Should the US Government Acquire a Bitcoin Reserve? • Listen on Fountain bitcoin
We wont get to choose.
Im also worried what will happen if they adopt bitcoin, then make a huge mining facility trying to get the 51%.
That would really rip some seams.
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.
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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.
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No, it would go to zero, because trust would be lost in the network.
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If others are holding it then they will also likely be mining it, if only to defend against a 51% attack.
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