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Such confidence in Bitcoin is splendid, but a 94,500 BTC tx tempts fate. If recipient can make that much from reversing the tx, they can afford to run a 51% attack for more than 40 days. Big if & very visible, but security here depends more on trust & less on the protocol itself.https://twitter.com/whale_alert/status/1169815776733220866 …
94,504 If this is a tx internal to an organization, while that doesn't make it risk free (indeed just trusting employees with custody can be risky), their key management & other internal controls, not raw difficulty of reversing BTC tx, is their main protection for such a large amount.
Well done @eiaine
If this leads to more volatility down the road isn't that great? More currency exchanging hands and wealth being created.
Try Dash. Problem solved.
true for bitcoin but not for every blockchain out there #pricevisibility
Aren't the estimates in @eiaine calculations based on hiring nicehash? The sourced website is clear about not being able to provide even 1% of the theoretical hash power needed to conduct the attack. Or did you mean the alternative, i.e. new hardware + selfish mining for 40 days?
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