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by NathanKP
2198 days ago
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A bitcoin transaction is considered valid as long as it is in the longest uninterrupted chain of blocks. If the military could buy and run enough equipment to create blocks faster than all the rest of the miners around the world combined then they could mess with Bitcoin's fundamental consistency by making longer chains of blocks than the rest of the world. The only thing preventing this from already happening today is that it would cost an insane amount of money to be able to mine blocks faster than everyone else in the system combined |
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The US Military budget is insanely large. The total value of Bitcoin is estimated at around $160 Billion[0]. The annual military budget is 750 Billion dollars. If there is the will, being the money would not be the issue preventing such an attack.
0. https://www.investopedia.com/tech/how-much-worlds-money-bitc...