Really good analysis on the Bitmain situation. One thing I don’t hear people talk about is the impact of the flood of cheap S9s on the security of Bitcoin itself. It’s still very costly & risky for 51% attacks ($600 mil for 2 mil S9s), but the threat is there & heightened.https://twitter.com/TuurDemeester/status/1028947413434884096 …
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Granted an attacker attempting a 51% attack on Bitcoin would still need to overcome all the challenges I outlined here:https://medium.com/p/a-review-of-budishs-51-attack-theories-what-is-the-fair-price-of-an-old-asic-59a7dcf9ff94 …
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We don't want it but this will happen, S9 price tends to 0, so a 51% attack gets cheaper faster
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Hugo....entire global economy is about to collapse ...1 or 2 weeks left...
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