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RE: A bit of a rant.

in #hive3 years ago

It's just wild how far some will go for power. And all the while assuring us that they mean well, they are trying to take even more for themselves :( ...

I am guessing that the big players will try to get all of the BTC possible - but in the end, the hodlers of BTC will make a fortune? And then create more crypto :)

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Bitcoin isnt stake based so no one can change the protocol on chain just by having a ton of btc. You would need a lot of hashrate, but with BTC marketcap being so large, that its asking a lot of an attacker to destroy their own investment as it's better to be greedy than destructive in PoW mining. Of course a rogue nation could attempt but it would be rather obvious where the influx of nasty hashrate is coming from, and could be legal issues for rogue governments attacking BTC at this point due to how many legitimate hodlers there are.

A country such as China, The US, Russia, etc could make things hard? Remember, not so long ago the United States called crypto a threat to national security :(

Bitcoin isnt stake based so no one can change the protocol on chain just by having a ton of btc.