Security Threats (e.g., 51% Attack)
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security
Criticism: If a group controls more than 50% of the mining power, it could manipulate the Bitcoin network.
Counterarguments:
Economic Deterrence: Such an attack would be prohibitively costly and likely damage the value of Bitcoin, disincentivizing rational actors from attempting it.
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Decentralized Hash Rate: The Bitcoin network has an extensive, globally distributed mining network, making a 51% attack increasingly difficult.
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Continual Security Improvements: As the network grows, it becomes more secure, and innovations in mining technology further decentralize hash power.
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