Part 9/17:
He dismisses fears of 51% attacks, emphasizing the impracticality and expense of such assaults. “You can't do much with a 51% attack,” he explains, noting that attacking the network would only allow double-spending, which is costly and difficult to sustain.
Dan highlights that the decentralization of mining is also supported by economic incentives. If a significant portion of hash rate resides outside Western jurisdictions, miners there will be motivated to grow their operations, especially if demand persists.