4min chapter

Crypto Critics' Corner cover image

How to attack Bitcoin (Feat. Micah Warren)

Crypto Critics' Corner

CHAPTER

The Market Fragility Hypothesis and the Conceptual Failures of Bitcoin

The main security assumption that most people make is that miners will never collude to attack the network because that would be the end of Bitcoin. But over the last 10 years, we've had all these people stepping up and selling this as a long-term store of value. A lot of these properties don't 100% require a non-monopoly miner, right? It's like if there were four companies that were sort of like kind of like colluding to mine, it kind of, you know, had some sort of trust arrangement where they were keeping the half-rate slow or something.

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