Ok...so they won't do it...I get that
but IF, they or you had the power....and they wanted to do a 51% attack to promote BCH...how would they or you go about such?
(again, talking full evil here max damage)
just curious what would happen if someone did pull the trigger on this and try to destroy BTC...how would it play out?
as to if they will do so..they won't so...yeah...you all that have ....they won't do so.
But playing 'what if' now...would it all shake out in your view?
brad
Topic: Bitmain 51% Attack? Would they do such if they get the hash? [POLL] - page 2. (Read 293 times)
June 30, 2018, 05:38:34 PM
June 30, 2018, 01:57:20 AM
OP, but there is already a cartelization of Bitcoin mining. They can do a 51% attack anytime they want to. But will they, and essentially "destroy" the network? I believe not. They are already very heavily invested in the Bitcoin ecosystem.
June 29, 2018, 10:41:49 PM
By the way ...does anyone think that Jihan Wu of Bitmain has the will or the balls to do a 51% attack on BTC?
well, i don't know but here is what i think:
it has nothing to do with having the will or the balls to do it, it has to do with the consequences of doing something like that.
when all things are said and done, Bitmain is still a company. and not just a tiny company, it is huge. and the revenue they are earning per year is huge too. it is said they made $4 billion in 2017. they have a mining farm, a mining pool and mining equipment production. i guess we can safely say Bitmain has a bigger stake in bitcoin than everyone else.
now the question is do you think they are going to ruin all this empire they have built? and for what? a 51% attack? i don't think so.
I'm sorry, because I do not understand. but if I look and read from your writing then I understand that Bitmain is one of the big companies and has mining and production mining equipment that generates $ 4 billion by 2017. It is not possible if the company built will be destroyed.
in my opinion it is unlikely they will destroy it, 51% attack is just a momentary drama, made to engineer the market.
June 29, 2018, 10:04:19 PM
By the way ...does anyone think that Jihan Wu of Bitmain has the will or the balls to do a 51% attack on BTC?
well, i don't know but here is what i think:
it has nothing to do with having the will or the balls to do it, it has to do with the consequences of doing something like that.
when all things are said and done, Bitmain is still a company. and not just a tiny company, it is huge. and the revenue they are earning per year is huge too. it is said they made $4 billion in 2017. they have a mining farm, a mining pool and mining equipment production. i guess we can safely say Bitmain has a bigger stake in bitcoin than everyone else.
now the question is do you think they are going to ruin all this empire they have built? and for what? a 51% attack? i don't think so.
June 29, 2018, 01:22:17 AM
I was waiting for that kind of news for the summer so Bitcoin would continue to dump, then pump...
But well, here we are again with the 51% and it would definitely be the end if it's succeed.
I'd like to read answers...
It's been a long time since no one care anymore, unfortunately. Welcome on the capitalism 2.0!!
(Abstain)
But well, here we are again with the 51% and it would definitely be the end if it's succeed.
Better minds on here then myself ...if you were an 'evil genius' and planning this...how would it go down and what would you do?
I'd like to read answers...
Quote
(do crypto they said in 2013, be a nice hobby, help micro-lending in India they said...sheesh...what a ride now in hindsight..and no end in sight yet!)
It's been a long time since no one care anymore, unfortunately. Welcome on the capitalism 2.0!!
(Abstain)
June 29, 2018, 01:04:32 AM
By the way ...does anyone think that Jihan Wu of Bitmain has the will or the balls to do a 51% attack on BTC?
This being 1) his ego and 2) his efforts in BCH.
here is the link
https://cryptobriefing.com/bitmain-51-attack-bitcoin-network/
Better minds on here then myself ...if you were an 'evil genius' and planning this...how would it go down and what would you do?
(sorry, not evil genius material...simply trying to follow along on how this would be done ...as a loyal 'evil genius minion', don't ya know!
(do crypto they said in 2013, be a nice hobby, help micro-lending in India they said...sheesh...what a ride now in hindsight..and no end in sight yet!)
Anyway, just a pondering such, on possibilities and the likelihood of such and hell, how you or anyone would go about this, for the heck of it
take the POLL
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