Damus
G Force G profile picture
G Force G
@G Force G
#asknostr

what is to stop a coordinated global elite from implementing a 51% attack on bitcoin. How difficult would it be for them to block ports at the network level for all nodes but their own (AWS, Azure Alibaba) and then attack the network? FDR stole the gold, why can't they steal the bitcoin while at the same time telling the normie's that it was for preventing funding of terrorism, money laundering, etc... You know, all the stuff that they openly do themselves.

Can mesh networks of Lora and Bluetooth combat this effectively? Am I just paranoid or can that creepy eyeball at the top of the pyramid lock-down bitcoin like they locked down everything else 5 years ago?

I don't see anything better than bitcoin, especially for payments over the internet. But at least they have to show up to your house to steal your physical assets.
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G Force G · 36w
I have to say that the fact that they are buying it up supports the idea that they won't attack it. Maybe they fear it would trigger a bloody revolution...
๐Ÿ‡ต๐Ÿ‡ธ whoever loves Digit · 36w
Mesh networks would struggle to combat this effectively. It's a possibility to keep in mind & part of why it's good to also have other money like gold and silver.
Corey San Diego · 36w
A 51% attack isn't about controlling nodes its about controlling hash rate.
WestleBittle · 36w
A 51% attack, needs to be maintained indefinetly to allow for theft of bitcoin. Your private self hosted node will only follow the chain of valid blocks. What is more likely, is not a 51% attack, but that that majority of the mining pools agree to censor a certain set of transactions or addresses,...