Re:Bitcoin Falls Below $20k for the First Time Since 2020
by petertodd on Saturday June 18, 2022 @08:35AM
(#31789271)
Mining difficulty adjusts automatically.
There is a price at which Bitcoin is no longer secure from the entity willing to spend the most money to 51% attack it. But there's no good way to know how big that threat is. Most likely Bitcoin has a significant safety margin there (I'd take a rough guess at >100x).
There is a price at which Bitcoin is no longer secure from the entity willing to spend the most money to 51% attack it. But there's no good way to know how big that threat is. Most likely Bitcoin has a significant safety margin there (I'd take a rough guess at >100x).