[caballeto]

Once the attack goal is achieved the Ethereum value will go to zero. It does not make sense to do this by buying coins, but potentially hackers could get control of such big amount of coins by hacking exchanges, thus bringing whole system to collapse. Similar scenario as in Mr. Robot.

[X6S1x6Okd1st]

ETC has been 51% attacked 4 times and it's still the 17th largest cryptocurrency.

https://www.coindesk.com/crypto-51-attacks-etc

Furthermore it's become pretty clear from the many attacks on value tokens in Etherum & BSC DeFi that the attacker can move faster that the market and drain any liquidity pools/exchanges that have open offers into something that isn't going to collapse.

The theory early on was that the coin cratering b/c of an attack would be an extra deterrent, but the price of coins that have been successfully 51% attacked says otherwise.

Here's another cryptocurrency in the top 100 that has suffered many 51% attacks.

https://cointelegraph.com/news/bitcoin-gold-blockchain-hit-b...

[hanniabu]

ETC is PoW, it's a different dynamic than PoS which was the topic of discussion

[andrewla]

If I understand the post you are replying to correctly, the point is that being successfully attacked does not necessarily destroy the value of the coin.

Sometimes people argue that a nation state could "shut down" bitcoin for some amount of money -- say $10B. With that, they could buy enough mining equipment to publish empty blocks and throttle the ability to send transactions.

Part of my skepticism of this idea is that the bitcoin network is already so throttled but it does not seem to affect the value of the coin negatively. What would be hilarious would be if France decided to shut down Bitcoin, and succeeded, but the value of bitcoin then proceeded to increase 100x.