#btc
Bitcoin has a big problem!
I don't want to create panic, but it's alarming.
I'm not trying to discourage you from holding BTC; it's the only asset I own for the very long term (8+ years).
But I just discovered a major risk that every holder should know about.
As you know, Bitcoin's main strength should lie in its decentralization, but we are far from that!
We don't care about the distribution of $BTC; what matters is how decentralized the network's computational power is.
The key is to prevent a single actor from gaining more than 51% of the total hash rate of the network. This is what we call the 51% attack risk, and it is the biggest threat to Bitcoin.
Bitcoin has a big problem!
I don't want to create panic, but it's alarming.
I'm not trying to discourage you from holding BTC; it's the only asset I own for the very long term (8+ years).
But I just discovered a major risk that every holder should know about.
As you know, Bitcoin's main strength should lie in its decentralization, but we are far from that!
We don't care about the distribution of $BTC; what matters is how decentralized the network's computational power is.
The key is to prevent a single actor from gaining more than 51% of the total hash rate of the network. This is what we call the 51% attack risk, and it is the biggest threat to Bitcoin.
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BTC
94,611.32
+0.05%