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wmp
@wmp.eth
What if a nation state wanted to 51% attack Bitcoin and Ethereum? New research suggests it would take months, cost up to $22B for BTC or $34B for ETH, and ultimately be unprofitable https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4727999
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Timmy Mckeegan
@timmy0x.eth
Imagine a scenario where Chinese citizens were using Bitcoin to escape the oppression. They could spend 22 billion, a trivial amount for them, and take it down. It’s not about the profit for a nation state.
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