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Comment by moomin

To summarise:

* One actor in the space appears to have done a proof of concept takeover of 51%.

* It’s not clear there was any malicious action nor intent in doing so.

* Performing something like this is definitely expensive.

* The potential impact of doing so is disputed.

* Whether or not it was achieved is also disputed

However, what has been known you some time is that the largest BitCoin miners have more power than the entire community of many alt-coins. Whether this is an issue is a matter for debate. Certainly, until now, no-one has chosen to flex like this.

parent moomin 1 year ago

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