Bitcoin's mining difficulty has increased by 41.9% over the last 30 days

Re:Bitcoin's mining difficulty has increased by 41.9% over t... by cma on Tuesday December 22, 2015 @08:48AM (#10777694)

But if that was a predictable consequence, they can't turn $200million into $400million now, because other would anticipate the future state of things and the price would plummet before a couple years. Not that I think that is at all what is going to happen.

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Re:Bitcoin's mining difficulty has increased by 41.9% over t... by mootothemax on Tuesday December 22, 2015 @09:39AM (#10777952)

>because other would anticipate the future state of things and the price would plummet before a couple years.

Why would the price plummeting matter to them if they've already made their money?

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Re:Bitcoin's mining difficulty has increased by 41.9% over t... by x3c on Tuesday December 22, 2015 @10:11AM (#10778138)

The only way they make money (cash out) is if trust remains in the bitcoin platform. By doing 51%, they tank the platform itself. No liquidity. Provable and transparent majority attack is MAD in the strictest sense.

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Re:Bitcoin's mining difficulty has increased by 41.9% over t... by mootothemax on Tuesday December 22, 2015 @10:42AM (#10778323)

>The only way they make money (cash out) is if trust remains in the bitcoin platform.

Not if their cash isn't - somewhat ironically - tied up in BTC.

Really, I'm sure between the two of us, we could imagine a thousand and one viable ways of making a tonne of cash very, very quickly that wouldn't involve transacting in BTC at any point!

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Re:Bitcoin's mining difficulty has increased by 41.9% over t... by homonculus1 on Tuesday December 22, 2015 @05:05PM (#10780685)

Not sure I follow you here. How would they make money from controlling BTC other than by selling it? ...which is impossible if they break it, as argued above.

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