Note that this is from last July, when the price of BTC was significantly lower and thus the price of the attack is likely higher now. That said, this becomes more feasible in the long-run when mining is purely funded by transaction fees.
Something I don’t see talked about much is the fact that, although Bitcoin is intended to be non-inflationary in the long run, the mining network that keeps it secure is currently 80-90% subsidized by inflation.
Note that this is from last July, when the price of BTC was significantly lower and thus the price of the attack is likely higher now. That said, this becomes more feasible in the long-run when mining is purely funded by transaction fees.
Something I don’t see talked about much is the fact that, although Bitcoin is intended to be non-inflationary in the long run, the mining network that keeps it secure is currently 80-90% subsidized by inflation.