Topic: 51% attack is very unlikely - page 2. (Read 261 times)
I this it is not acceptable and in recent times their transaction also take some times. If 51%dump then it will be affect their project.
Creating a 51% attack against bitcoin would simply be a suicide, especially to the perpetrators knowing that they'll shake the market's confidence therefore creating a panic selling scenario wherein everyone and their mothers would be selling. The effort would be a dire one knowing that they'll just lose money in the process without gaining anything, except for destroying the bitcoin market and ecosystem. If hashing power and power alone is cheap, I'm pretty sure someone would do this for their personal reasons, but with so much money invested on bitcoin? I don't see any dumb individual/organization would do this for the sake of 'learning'.
The people who attempt taking that kind of control probably don't care for the the public's perception or confidence in the coin, they are looking out for their own gains. That said, you are correct, it is unlikely to happen and even if it did the perpetrators wouldn't be able to create new coins nor would they be able to modify all past transactions other than a few blocks back. Overall, the potential damage is much smaller than most think...
This wont happen,because even whales has their own perspectives and outview about matters they will never let anyone to hold the majority of the market so bother bot about thisAnd besides we the small holders have good percentage among them thproblem is we are not bined with one stand thats why when price moves we have different actions
If it happens, the confidence and price of the coin will collapse. People holding the largest amount will suffer the most. Therefore it wont happen.
if it happen it will be a good time to buy and hold it, even the big holder will have profit because the more they will hold the more that they can earn. 
If it happens, the confidence and price of the coin will collapse. People holding the largest amount will suffer the most. Therefore it wont happen.
with that logic 51% attacks should not have happened in all these small altcoins that experienced multiple attacks throughout the years! but they did. it doesn't matter if someone holds a lot of the coin or if the price collapses or not, 51% attacks are a plausible one when it comes to small altcoins with little hashrate to secure the network.
in the end it will all come down to cost of such attacks. for example it is extremely high for bitcoin which makes it impossible to pull off but it is super easy in altcoins such as BTG and Verge both of which had 51% attacks recently.
But it is said to be unlikely going to happen.
Basically this news is very disappointing for investors who invested money in crypto
This isn't a news, this has been hypothetical and in the web, you can know more about 51% attack by using google.
If the 51% attack is successful you can say goodbye to bitcoin and all the alt-coins. But I think it's only possible with those.
Basically this news is very disappointing for investors who invested money in crypto market based on this org. will earn lots of profit but they should think about customers who are related with business I mead other stake holders based on this if it happen this market will be in danger.
The people who attempt taking that kind of control probably don't care for the the public's perception or confidence in the coin, they are looking out for their own gains. That said, you are correct, it is unlikely to happen and even if it did the perpetrators wouldn't be able to create new coins nor would they be able to modify all past transactions other than a few blocks back. Overall, the potential damage is much smaller than most think...
This. They would simply cash out, and likely do it VERY slowly. I'm talking years here. If they dumped 51% all at once then the price would indeed become a factor.
The people who attempt taking that kind of control probably don't care for the the public's perception or confidence in the coin, they are looking out for their own gains. That said, you are correct, it is unlikely to happen and even if it did the perpetrators wouldn't be able to create new coins nor would they be able to modify all past transactions other than a few blocks back. Overall, the potential damage is much smaller than most think...
If it happens, the confidence and price of the coin will collapse. People holding the largest amount will suffer the most. Therefore it wont happen.
Jump to: