> If a big crypto-community notices an attack, the cost of a 51% attack would rise
Would it though, really? Why?
On the contrary, someone performing a 51% attack can and will freeze out all other miners, leaving them operating at a pure loss. If the attacker manages to keep up the attack, he will be able to bankrupt the competing miners, forcing them to turn off their hash power, and thus lowering the cost for himself.
Would it though, really? Why?
On the contrary, someone performing a 51% attack can and will freeze out all other miners, leaving them operating at a pure loss. If the attacker manages to keep up the attack, he will be able to bankrupt the competing miners, forcing them to turn off their hash power, and thus lowering the cost for himself.