Recession happened, the USD failed and all major fiat followed. Bitcoin has finally been considered a global payment system and was adapted by the general population. Anyone who owns a complete Bitcoin is featured in a wealthy people’s list. Now government does not have the power they used to have over people and it drove them crazy to the point where they decided to construct a plan of attack against the Network. All they need is 51% ownership of the network, Bitmain has 40% and governments can easily accuse this company of running a scheme to facilitate money laundering operations through BTC production. Therefore taking the company down and using their hash power and do the same with other mining company till they reach 51%. Creating a documented flaw in the Bitcoin network and potentially causing the double spending that blockchain was developed to avoid. People start to lose faith in this form of money and get back to government’s newly established and regulated digital payment system or whatever.

I once read that 15 billion USD is enough to produce the power needed to overcome the network, that’s nothing to governments if they decided to “regain control”

I think we can all agree that if a government does not have control over people’s money, they don’t have any kind of control. “Give me control of a nation’s money and I care not who makes its laws.”

To say that 51% is impossible is naive, imagine what would have happened if Ghash.io decided not to reduce its share of the network back in 2014. Bitcoin might not be what it is today.

drop your thoughts please.



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I'm A Bitcoin Maximalist But We Need To Talk About 51%. : Bitcoin
I'm A Bitcoin Maximalist But We Need To Talk About 51%. : Bitcoin
I'm A Bitcoin Maximalist But We Need To Talk About 51%. : Bitcoin
I'm A Bitcoin Maximalist But We Need To Talk About 51%. : Bitcoin

I'm A Bitcoin Maximalist But We Need To Talk About 51%. : Bitcoin

I'm A Bitcoin Maximalist But We Need To Talk About 51%. : Bitcoin