Bitcoin‘s Security Shattered for Just $8B? đ¨ Find Out Why This Could Happen
Oh, the lovely world of crypto dramaâwhere billion-dollar security budgets are as flimsy as your last attempt at cooking. Grant Hummer, the Ethereum cheerleader with a penchant for doom, insists that it only takes a cool $8 billion to flip Bitcoinâs entire security table. Yep, just $8 billion! Because apparently, Bitcoinâs fortress of proof-of-work is more paper mache than steel. đ
The Great Crypto Debate Gets Hotter Than a Staked Bitcoin
And meanwhile, Zayn Rynes (or ChainLinkGod, if you’re into that sort of thing) is out there throwing shade, claiming Ethereumâs fighting a three-front war and isnât winning any of them. Apparently, ETH isnât as shiny and reliable as Bitcoinâwho knew? Heâs also throwing shade at Layer 1s, calling them all grossly overvalued because, well, everyone loves a good bubble. đŤŁ
But Hummer isnât buying that high horses storyânope, heâs busy warning us that Bitcoinâs proof-of-work security is basically a house of cards. According to him, someone could secretly amass enough ASICs or even build new ones unnoticed, then just flip the switch and make their own little Bitcoin universeâdouble spends and all. No big deal, right? Just a casual plan to ruin the largest crypto by spending a few billion. Easy peasy. đ¸
Could Someone Really Spend $8B and Make Bitcoin Say ‘Goodbye’? đ¤
Hummerâs convincing us that itâs totally feasibleâand heâs not shy about the potential profits. Imagine short-selling a bunch of Bitcoin during the chaos, making a killing, and then quietly crawling away. Because whatâs a little systemic risk when youâre rolling in macro assets? He warns us to watch out, because this rabbit hole is just beginning, and in ten years, we might all be wondering why nobody saw this coming. Spoiler: They did, but nobody listened. đ
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2025-05-16 22:12