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by thebean11
1612 days ago
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No need to speculate, look at the price and hash rate charts in 2017. The more recent hashrate drop was even bigger. Still no successful attacks. There's a disincentive for people with mining power to attack the network (assuming they even have enough). It makes their hardware worth less so I can't imagine anyone doing it for kicks. Agree though that something similar to what you're saying is what Bitcoin hitting $0 would look like. Certainly not impossible but I think it's extremely difficult attack. Even more so now than in 2017. |
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The real issue for current owners is Crypto seems to have lost it’s grip on the popular imagination. https://trends.google.com/trends/explore?q=bitcoin What happens from here is likely a question of utility rather than speculation.