I’m not refusing to comprehend anything, you are refusing to catch my point I guess.
A 51% attack cannot change the rules of the network. They could engage in a fork and create a new network with the new rules, but it does not mean the original network ceases to exist.
So yes they could 51% attack to fork and create a new network that has abilities to censor transactions.
But the original
Bitcoin network that I AM TALKING ABOUT, can not be changed, not without a community consensus to upgrade the protocol and adopt the change. Which is when all miners of the old network would switch to the new network. Any upgrade BIP that involves censorship, is never going to pass the consensus.
There are no rules being changed though. All I'm saying is that merely creating a new, longest chain without a specific transaction is possible given current paradigms, and given sufficient incentive, may happen under current global regimes.
Bitcoin is purely based on longest-chain-wins, with 0 other considering factors. If a longer competing chain without a transaction is created, there is no consideration for the transaction, and is treated as never happened in favor of the new longest chain. A sufficently large/organized, censorious, pool(s) can abuse this to erase transactions in a deliberately censorious manner. The only question is feasibility (How concentrated is mining power currently?), and incentive (Could say, a Harris regime bully miner pools to deliberately exclude Russian transactions under threat of legal action, hypothetically?)
It’s feasible if the govt pays all of the big pools simultaneously to do their bidding.
It’s also possible the govt shuts down the exchanges
It’s also possible the govt enforces ISP’s to block BTC node packets.
But … imo…. None of this is really feasible to achieve on a global scale… for example many of the largest nations have to come together and agree on it…. I’m talking about China, Russia, USA, India… all deciding and agreeing on something together…. That is unfeasible.
All of this was a lot more feasible before 2017… but today, the amount of additional power and resources that would be required… is too great… and the collaboration between enemy nations… is too improbable.
Btw what is the entire point of this argument we are having… are you a gold/silver maximalist? Not dogging you if you are, just wondering why are we arguing to begin with hahah
While my biggest investment would be such, I have been mining Monero for approximately 3 years, and do think Monero's technology is much better suited currently for widespread adoption compared to Bitcoin.
I’m not refusing to comprehend anything, you are refusing to catch my point I guess.
A 51% attack cannot change the rules of the network. They could engage in a fork and create a new network with the new rules, but it does not mean the original network ceases to exist.
So yes they could 51% attack to fork and create a new network that has abilities to censor transactions.
But the original Bitcoin network that I AM TALKING ABOUT, can not be changed, not without a community consensus to upgrade the protocol and adopt the change. Which is when all miners of the old network would switch to the new network. Any upgrade BIP that involves censorship, is never going to pass the consensus.
There are no rules being changed though. All I'm saying is that merely creating a new, longest chain without a specific transaction is possible given current paradigms, and given sufficient incentive, may happen under current global regimes.
Bitcoin is purely based on longest-chain-wins, with 0 other considering factors. If a longer competing chain without a transaction is created, there is no consideration for the transaction, and is treated as never happened in favor of the new longest chain. A sufficently large/organized, censorious, pool(s) can abuse this to erase transactions in a deliberately censorious manner. The only question is feasibility (How concentrated is mining power currently?), and incentive (Could say, a Harris regime bully miner pools to deliberately exclude Russian transactions under threat of legal action, hypothetically?)
It’s feasible if the govt pays all of the big pools simultaneously to do their bidding.
It’s also possible the govt shuts down the exchanges
It’s also possible the govt enforces ISP’s to block BTC node packets.
But … imo…. None of this is really feasible to achieve on a global scale… for example many of the largest nations have to come together and agree on it…. I’m talking about China, Russia, USA, India… all deciding and agreeing on something together…. That is unfeasible.
All of this was a lot more feasible before 2017… but today, the amount of additional power and resources that would be required… is too great… and the collaboration between enemy nations… is too improbable.
Btw what is the entire point of this argument we are having… are you a gold/silver maximalist? Not dogging you if you are, just wondering why are we arguing to begin with hahah
While my biggest investment would be such, I have been mining Monero for approximately 3 years, and do think Monero's technology is much better suited currently for widespread adoption compared to Bitcoin.