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Topic: Taking Down Bitcoin - page 4. (Read 8575 times)

sr. member
Activity: 364
Merit: 250
April 28, 2012, 01:46:34 PM
#4
51% Attack --> ?? --> Profit!

Profit from what exactly?

Accomplish the mission.  At some point there has got to be a "hit" launched against Bitcoin.  Do you think the central bankers will sit on their hands and let BTC erode their powerbase.  I want to know if Bitcoin survives through obscurity or not.   Because if it does, it can't succeed.  As soon as adoption and price take off significantly, that would be the cue to cash out.
legendary
Activity: 1246
Merit: 1016
Strength in numbers
April 28, 2012, 01:11:35 PM
#3
Pool membership is dynamic. A pool that goes down gets smaller because people like money.
sr. member
Activity: 476
Merit: 250
April 28, 2012, 12:59:15 PM
#2
51% Attack --> ?? --> Profit!

Profit from what exactly?
sr. member
Activity: 364
Merit: 250
April 28, 2012, 12:33:06 PM
#1
Lets play the game again.  If some one/organization wanted to destroy bitcoin, how could they do it and how can we protect against it?  I'll kick it off.  Whats *really* protecting Bitcoin from a 51% attacker?  Yes the big hashrate, but according to the stats all this hash is coming from a few miner pools. 

Couldn't someone just DDoS them --> 51% Attack --> ?? --> Profit!
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