Post #358 by ajm101 on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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> Bitcoin isn't like many of the other large cryptocurrencies because someone would have to control 51% of a decentralized network in order to make material changes

I should clarify, at least what I was mentioning, a 51% attack is different that centralized governance or forking, and Bitcoin is not immune to it. I believe any proof of work based cryptocurrency system is vulnerable to it.

https://dci.mit.edu/51-attacks and https://learnmeabitcoin.com/technical/blockchain/5... have some further informtion, if you're interested.

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