/biz/ - Business & Finance

>>56927923
>With bitcoin, you have to buy/seize the half of asics or manufacture the half of asics to perfom 51% attack.

lol

1. Execute coordinated power cut to all mining farms around the world.
1.2 (Optional) Raid said mining farms and commandeer hardware.
2. Commence attack.

Or, if there's no rush:

1. ban ASIC importation & distribution citing "environmental pollution" concerns
2. Sit back and wait for hashrate to slowly wither away as units start burning out
3. Commence attack.

>It cannot be done without some commotion

Only BTC mining farms would be affected by a power cut. Life would go on as per usual for everybody else.
Only BTC miners would be affected by a ban on ASIC importation. Life would go on as per usual for everybody else.

You laser-eyed retards don't seem to appreciate just how many aspects of BTC mining is permissioned and dependent on the State's mercy.


>With monero, you only need to control a very small part of consumer pcs in the world to perform an attack. One huge botnet can do that.

What is easier to attack is easier to defend. Literally every household in the modern world is already fully equipped to start fighting back at a moment's notice, no need to buy dedicated hardware or download the blockchain anymore either. Darknet remote nodes = said households can mount robust defense anonymously, without their ISP knowing they're doing it.

Furthermore, no mining farms = nothing to directly target.
Furthermore, can't ban the importation & sale of general purpose CPU devices
Furthermore, all botnets are in perpetual competition with other botnets. The more valuable XMR becomes the greater the incentive to steal CPU cycles.
Furthermore, once P2Pool reaches and maintains 51%+ dominance, all this becomes a non-issue