Bitcoin 51% Attack Coming?
𝐆𝐄𝐓 𝐓𝐇𝐄 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐎𝐔𝐑𝐒𝐄➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.
In this video, I discuss 51% attacks by both profit-minded attackers as well as nation-state attackers and how they could be easily averted.
Bitcoin has never suffered a 51% attack in its entire history, unlike many alts like BSV and Ethereum Classic. That in itself should tell you something.
It would be fairly easy to route around an attacker, or even brick the attacker's machines by changing the proof of work algo from SHA-256 to something else.
Even double-spend attacks are extremely difficult to be done profitably, and empty block attacks are nothing more than a temporary nuisance.
Any group that attacks Bitcoin will end up looking foolish, and providing free publicity about Bitcoin's security and resilience.
If you have ASICs, it makes much more economic sense to just run them to secure the network and collect the Bitcoin rewards.
Government attackers of Bitcoin will find themselves mining on an unused chain, while Bitcoin economic activity will migrate to the shorter chain.
Bitcoin 51% attacks only affect the tip of the blockchain, and cannot be used to steal your Bitcoin.
Not investment advice! Consult a financial advisor.
Bitcoin Mining Pool In Trouble:
https://www.youtube.com/watch?v=HJ6aYdJ3s1w&ab_channel=TraderUniversity
Bitcoin mining pool distribution:
https://btc.com/stats/pool?pool_mode=day
Alts that have been 51% attacked:
https://www.coindesk.com/markets/2020/08/29/ethereum-classic-hit-by-third-51-attack-in-a-month/
https://cointelegraph.com/news/bitcoin-sv-rocked-by-three-51-attacks-in-as-many-months
https://protos.com/bitcoin-sv-bsv-51-attack-blockchain-double-spend/
Bitcoin miners can easily attack any other SHA-256 coin:
https://coinguides.org/sha-256-algorithm-coins/
US gov quite bad at tech and IT:
https://www.theguardian.com/science/2022/sep/03/nasa-artemis-1-launch-called-off-fuel-leak
https://www.theatlantic.com/politics/archive/2014/07/obamacare-website-has-cost-840-million/440478/
https://www.reuters.com/article/us-usa-healthcare-website/days-before-launch-obamacare-website-failed-to-handle-even-500-users-idUSBRE9AL03K20131122
US Bitcoin Mining Ban Coming Soon?
https://www.youtube.com/watch?v=RR8ZkdsYCN4&ab_channel=TraderUniversity
Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#bitcoin
#bitcoinmining
#crypto
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
-
2:37
Bitcoin University
7 months agoHow To Use Gold To Protect Yourself
8374 -
4:09:07
Breaking Points
7 hours ago2024 Presidential Debate Special!
166K10 -
3:00:41
Fresh and Fit
6 hours agoTrump VS Biden - Presidential Debate 2024
177K61 -
3:42:44
Tate Speech by Andrew Tate
11 hours agoEMERGENCY MEETING EPISODE 57 - PRESIDENTIAL DEBATE LIVE
447K371 -
1:01:59
Russell Brand
5 hours agoLIVE WATCH PARTY: TRUMP VS. BIDEN
162K336 -
3:23:24
The Quartering
11 hours agoTrump Biden Debate LIVE React, Fact Check Prizes & Games!
207K135 -
4:34:17
Laura Loomer
7 hours agoEP55: LIVE COVERAGE OF THE FIRST PRESIDENTIAL DEBATE WITH LAURA LOOMER
165K81 -
57:56
Kim Iversen
8 hours agoFIGHT NIGHT! Will Trump Be An Ass and Will Biden Stroke Out?
114K48 -
4:15:08
WeAreChange
8 hours agoBIDEN DOWN: The Michelle Obama Countdown Begins!
110K52 -
1:27:55
Glenn Greenwald
9 hours agoCNN’s Kasie Hunt Has Humiliating Meltdown Ahead of Biden-Trump Debate; SCOTUS Protects Biden Administration's Social Media Censorship Program from Review | SYSTEM UPDATE #290
130K94