Tag Archives: take down bitcoin

The Futility of a 51 Percent Attack

Bitcoin is more invincible than most people would believe.

Bitcoin is more invincible than most people would first think.

Barring a worldwide lack of interest in either money or the internet, there are exactly three ways to kill Bitcoin, at least in theory. They are:

1.) To destroy all of humanity… Which I doubt needs any explanation.

2.) To use massive Electromagnetic Pulse (EMP) attacks against all civilized pockets of humanity, ensuring no line of communication survives. (A nuke detonated high above every city over 1,000 ppl in size worldwide should do the trick.)

3.) To employ a well timed 51% attack… But I’d like to bring up the argument here that this option really won’t work afterall. Continue reading

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