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Bitcoin Cash is not being attacked, its Bitcoin Gold. The reason they are being attack is because they are a relatively small altcoin and their hashrate is much lower than the bigger altcoins with the same algorithm.
I used bitcoin cash only as an example of a coin with the same hashing algorithms as bitcoin.
The point of my post was:
if hardware used to profit securing bitcoin can be used to perform other tasks, like mining altcoins, the security of bitcoin is fucked, because an attack can be performed and hardware reused to mine altcoins, an attacker don't lose his hardware investment, his investment is safe because can be used to mine altcoin or playing videogame, or doing anything different from mine bitcoin.
I think pow security come from two root: hardware costs and power consumption. If one of those fails pow security gets reduced(not compromised, only reduced) , if both fails security is gone
powr consumption: is needed so a single block generation is expensive and costs grow exponentially for each block an attacker would like to change, securing immutability.
hardware costs: is needed so hardware is take as guarantee to ensure an attacker have no profit in harming bitcoin.
We all know energy is cheap, it is really cheap, some people steal energy mining for free, a government can choose to waste some natural resources to harm bitcoin,a new fantascientific hardware generation can mine blocks in seconds without consuming power, and so on.
so hardware costs is what ensure a 51% is not and will not be profitable.
So if hardware can be used to perform other tasks hardware costs guarantee is lost.
Actually we are in a situation where hardware can be reused to mine an altcoin so bitcoin have lost hardware costs guarantee.(this is valid also from a bitcoincash point of view)
And from my point of view the actual situation is really risky.
surfing I have seen some people talking about the possibility of a pow change .
But my question, and I hope it is a BIG question, is:
Is a pow change realistically possible as last defense instrument? Which can be the best way of performing this kind of hardfork, without harming decentralization?
If you mine altcoin you are not securing bitcoin. Atomic swaps are nice, but having altcoins is part of the problem I've described before. Bitcoin is not only a coin.