I've been studying the "51% attack" fear about BTC, here's what I found
A 51% attack on Bitcoin is no longer feasible for ANY actor, even a nation-state or $100 billion corporation, because:
-The sheer scale of the hashrate is unprecedented.
-The energy, hardware, and infrastructure costs are insurmountable.
-The Bitcoin community and network’s resilience would mitigate the attack’s effects.
-The economic and reputational consequences would deter any rational actor.
-If a group of major nations outlawed it, investors would riot and/or ignore the law
What did I miss?
KenDBerryMD / Ken Berry, MD
npub1ky…yea0g
2025-01-12 16:29:05
Author Public Key
npub1kyk7ac33apd7cx0nun3laevf84zfhr8pt8kj4h8v7cpx9t72d4gqkyea0gPublished at
2025-01-12 16:29:05Event JSON
{
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"pubkey": "b12deee231e85bec19f3e4e3fee5893d449b8ce159ed2adcecf60262afca6d50",
"created_at": 1736699345,
"kind": 1,
"tags": [
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"r",
"wss://nos.lol/"
],
[
"r",
"wss://nostr.wine/"
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[
"r",
"wss://purplepag.es/"
],
[
"r",
"wss://relay.mostr.pub/"
],
[
"r",
"wss://relay.notmandatory.org/"
],
[
"r",
"wss://relay.primal.net/"
],
[
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"content": "I've been studying the \"51% attack\" fear about BTC, here's what I found\n\nA 51% attack on Bitcoin is no longer feasible for ANY actor, even a nation-state or $100 billion corporation, because:\n\n-The sheer scale of the hashrate is unprecedented.\n-The energy, hardware, and infrastructure costs are insurmountable.\n-The Bitcoin community and network’s resilience would mitigate the attack’s effects.\n-The economic and reputational consequences would deter any rational actor.\n-If a group of major nations outlawed it, investors would riot and/or ignore the law\n\nWhat did I miss?",
"sig": "6cb7de5a5d7d09aaefce4a8eac9d935f15fc6fca4c6afac054e25a167fa0bce901baf3244ad178b6fd8915469750d7d7222ed320c370a58b0de5c63b43d3fcf0"
}