William B Travis on Nostr: The point was the ease with which an entity could reach the 51% level. Not that it ...

The point was the ease with which an entity could reach the 51% level. Not that it was a pool. If you have a smaller number of total miners, it is easier for hostile groups to attack the network. This effect is made worse when mining is unprofitable. There's so much hash power on the bitcoin network that the cost to capture enough of it for a 51% attack is massive. This along with the tens of thousands of nodes that would have to accept the eventual rewrite of the blocks and wouldn't keeps the network secure.