Bitcoin 51% Attack Coming?

𝐆𝐄𝐓 𝐓𝐇𝐄 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐎𝐔𝐑𝐒𝐄➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
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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

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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

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