/biz/ - Business & Finance

>>24361879
This is addressed every day here and it one of the key arguments. And yes healthy to discuss. Very similar to quantum attack scenario. It's a matter of motive. The only reason to attack it is an attempt to destroy it.

Miners are slaves to the Bitcoin. If they 51% attack they attack themselves. Everyone will see what they've done. The chain gets forked. No exchange is going to let them cash out. They lose their revenue stream. Their mining equipment is now worthless as they can only continue mining their own worthless chain. They'll also be a geopolitical pariah as every country in the world partakes in Bitcoin, not to mention the implications behind attacking an emerging technology and human ingenuity. The CCP can collect taxes and tends to confiscate Bitcoin at whim which is a boon.

Their motive for ending Bitcoin would be to completely move currency to their digital yuan, ending all hope of money leaving the state. I'm not sure the math adds up.