Many cryptocurrencies have been destroyed by 51% attacks. Under the hood, those currencies and bitcoin are virtually identical. The only difference is that bitcoin has a lot more riding on it and a lot more people who care. And that’s really the only thing that could save it. It may be overblown to say this is the end of bitcoin, but it certainly is the end of the status quo. Something will have to change, either in the bitcoin protocol or community, if bitcoin wishes to remain afloat.
Many cryptocurrencies have been destroyed by 51% attacks. Under the hood, those currencies and bitcoin are virtually identical. The only difference is that bitcoin has a lot more riding on it and a lot more people who care. And that’s really the only thing that could save it. It may be overblown to say this is the end of bitcoin, but it certainly is the end of the status quo. Something will have to change, either in the bitcoin protocol or community, if bitcoin wishes to remain afloat.
Would you have a link to a writeup of these handy? I’d like to read up on this.
(a request for info, not doubting it in the slightest)