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by derangedHorse
361 days ago
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How much really has to be measured with respect to a motivated attacker. If no one wants to attack it, it could stay low for a long time. The ideal answer would be to keep the hash rate as high as possible for as long as possible. With the appreciation of the asset, people would think the risk of an attack is growing higher but an attacker can only do so much with 51%. They can either double spend by reversing the chain (in which case they’d have to accumulate enough bitcoin for to make it worthwhile in the first place) or they can mine empty blocks and prevent any transactions from being processed. |
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