The article is a fud. You cannot kill bitcoin with 180 million only. Do you know many mining machines you needed to 51% bitcoin? The time to manufacture all those miners. Do you know the miners manufacturers also mine bitcoins? By the time you have all the hardwares needed the difficulty of bitcoin raises up to 5 - 15 folds.
Well maybe that's how much it takes to buy a large portion of all BTC. 
Topic: Kill Bitcoin with only 180 million USD? (Read 2641 times)
The article is a fud. You cannot kill bitcoin with 180 million only. Do you know many mining machines you needed to 51% bitcoin? The time to manufacture all those miners. Do you know the miners manufacturers also mine bitcoins? By the time you have all the hardwares needed the difficulty of bitcoin raises up to 5 - 15 folds.
Interestiing thread according to recen news. Still I doubt that bitcoin is so easy to kill
You kind of can, theoretically. You'd need to buy most currently existing Bitcoin and the ones not mined yet.
Interestiing thread according to recen news. Still I doubt that bitcoin is so easy to kill
the thing that intrigues me here is the title
Kill Bitcoin with only 180 million USD?
yeah, what's 180 million USD, everyone has that amount of money and he can afford to spend them for fun just to destroy a cryptocurrency from which he will gain no profit, might as well transfer the coins to me
Kill Bitcoin with only 180 million USD?
yeah, what's 180 million USD, everyone has that amount of money and he can afford to spend them for fun just to destroy a cryptocurrency from which he will gain no profit, might as well transfer the coins to me
Conclusion: killing Bitcoin is absolutely feasible, the cost is only 180 million USD, and the killer will make huge profits.
If the killer managed to make huge profits, then Bitcoin would still be very much alive after he thinks he's killed Bitcoin.
The killer would need to buy up a vast amount of Bitcoins prior to any attack in order to make any waves with his attack. (you can't double spend 0 Bitcoin) If someone were in possession of a great number of Bitcoins, why would he try to devalue it by attempting to kill it?
I suggest you read the article again, carefully.
I suggest you to suck Maos dick.... slowly.
Conclusion: killing Bitcoin is absolutely feasible, the cost is only 180 million USD, and the killer will make huge profits.
If the killer managed to make huge profits, then Bitcoin would still be very much alive after he thinks he's killed Bitcoin.
The killer would need to buy up a vast amount of Bitcoins prior to any attack in order to make any waves with his attack. (you can't double spend 0 Bitcoin) If someone were in possession of a great number of Bitcoins, why would he try to devalue it by attempting to kill it?
I suggest you read the article again, carefully.
I suggest you to suck Maos dick.... slowly.
No single person can 'kill' bitcoin.
Actually they can. Buying most BTC would do it. Although people would just pass on to another cryptocurrency. 
No single person can 'kill' bitcoin.
If you have 180 millions of mining hardware. You have 2 choices. Mine bitcoins and turn your investment into 250 millions (I would do that). Or try a 51% attack and turn your 180 millons hardware into 0 millions.
Oops, don't panic buddy, we are just discussing the possibility. 
You're discussing FUD.Theoretically you can kill Bitcoin, practically? No. What stops someone to fork 10 million more bitcoins after the first one gets attacked?
Let's move on now, shall we.
Conclusion: killing Bitcoin is absolutely feasible, the cost is only 180 million USD, and the killer will make huge profits.
If the killer managed to make huge profits, then Bitcoin would still be very much alive after he thinks he's killed Bitcoin.
The killer would need to buy up a vast amount of Bitcoins prior to any attack in order to make any waves with his attack. (you can't double spend 0 Bitcoin) If someone were in possession of a great number of Bitcoins, why would he try to devalue it by attempting to kill it?
I suggest you read the article again, carefully.
Hey OP,
Have you ever used your dumb brain to think ..." wasnt it easier to kill BTC back in 2011? with just a few millions USD in mining gear? ".
Hint for you, you're not ordinary.... go back to your cave and think harder.
Have you ever used your dumb brain to think ..." wasnt it easier to kill BTC back in 2011? with just a few millions USD in mining gear? ".
Hint for you, you're not ordinary.... go back to your cave and think harder.
Hey moron,
Have you ever used your dumb brain to think, the article is talking about the possibility of killing BTC for the time being.
Hint for you, you're not ordinary... go back to elementary school and study harder.
Stop spreading nonsense FUD. Nobody will try to do such a thing, and as time keeps flowing, it will become harder and harder to achieve.
Oops, don't panic buddy, we are just discussing the possibility.
Oops, remember the attacker is a super tycoon with more than 180 million USD, he can start by spending, say, 100 million to purchase mining machines and become an individual who owns the most hashing power in the world.
Anyone who has followed bitcoin news for some time knows that ordering mining gear and receiving delivery of mining gear do not happen the same day, to put it midly.
Performance is another variable.
So your tycoon is spending 100 million on mining gear (and on the facility to host the machines) but he has no idea if and when he will own the most hashing power.
Owning the most hashing power is just a matter of time. If necessary, he can acquire most mining machine producers in the world and build his own research team to develop the most powerful mining machines in the world.
No sha256 coin could survive if it wants to challenge BTC. Any of the big miners could kill it with 51% attack easily. Different from Scrypt coins, the sha256 hashing power is too concentrated on BTC to allow other sha256 coins to grow up.
Oops, remember the attacker is a super tycoon with more than 180 million USD, he can start by spending, say, 100 million to purchase mining machines and become an individual who owns the most hashing power in the world, then no Bitcoin miner would be able to kill the new coin.
Many altcoins have been 51% attacked, but they didn't die.
Conclusion: killing Bitcoin is absolutely feasible, the cost is only 180 million USD, and the killer will make huge profits.
If the killer managed to make huge profits, then Bitcoin would still be very much alive after he thinks he's killed Bitcoin.
The killer would need to buy up a vast amount of Bitcoins prior to any attack in order to make any waves with his attack. (you can't double spend 0 Bitcoin) If someone were in possession of a great number of Bitcoins, why would he try to devalue it by attempting to kill it?
Hey OP,
Have you ever used your dumb brain to think ..." wasnt it easier to kill BTC back in 2011? with just a few millions USD in mining gear? ".
Hint for you, you're not ordinary.... go back to your cave and think harder.
I think that back in '11 even $1M would have been enough. Have you ever used your dumb brain to think ..." wasnt it easier to kill BTC back in 2011? with just a few millions USD in mining gear? ".
Hint for you, you're not ordinary.... go back to your cave and think harder.
Hey OP,
Have you ever used your dumb brain to think ..." wasnt it easier to kill BTC back in 2011? with just a few millions USD in mining gear? ".
Hint for you, you're not ordinary.... go back to your cave and think harder.
Have you ever used your dumb brain to think ..." wasnt it easier to kill BTC back in 2011? with just a few millions USD in mining gear? ".
Hint for you, you're not ordinary.... go back to your cave and think harder.
Stop spreading nonsense FUD. Nobody will try to do such a thing, and as time keeps flowing, it will become harder and harder to achieve.
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