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A comment on Mining Bitcoin with pencil and paper: 0.67 hashes per day (2014). Parent comment

Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by K0nserv on Monday February 15, 2021 @05:37PM (#26148499)
Does that follow? Surely as Bitcoin becomes more and more valuable there's more and more incentive to mine and the more entranched it becomes more important to defend against 51% attacks become.

It seems to me that what has happened historically i.e. ever more people starting to mine will continue as long as Bitcoin remains valuable.

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Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by nietzsch3 on Monday February 15, 2021 @05:48PM (#26148640)
Yeah and I simply don't see 51% attacks working or going on for long periods of time due to adoption and game theory. Nation states simply can't afford gain 51% because it would mean they're already losing legitimacy of their currency IMO.
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