How Bitcoin Can Be Killed For $8 Billion – Duke’s Cam Harvey

Expert: Bitcoin Faces $8B Attack Risk, Ethereum More Secure

A Duke University finance professor, Campbell Harvey, has said that a 51% attack on Bitcoin, long dismissed as a theoretical exercise that would only destroy value for whoever tried it, has quietly become something an attacker could profit from because of today’s derivatives markets. However, many BTC supporters dismissed the claim made during the July 12 episode of Scott Melker’s Wolf of All Streets podcast, arguing that it ignores the practica…

$8 Billion Bitcoin Attack Could Become Profitable Through Derivatives, Duke Professor Says

Campbell Harvey, a Duke University finance professor, says an attack on Bitcoin that once looked economically self-defeating may now be financially viable because deep derivatives markets could let an attacker profit from the resulting price collapse. Harvey outlined the argument on Scott Melker’s “The Wolf of All Streets” podcast, describing a theoretical operation in which […]

How Bitcoin Can Be Killed For $8 Billion – Duke’s Cam Harvey