Get the "Ultimate Guide to Bitcoin" course: https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin Use the discount code YT99 to get the best price. In this video, I discuss why a nation-state 51% attack on Bitcoin would fail. In order to launch a 51% attack, an attacker needs to buy, build, or steal a huge number of Bitcoin mining rigs (ASICs). There is no way to do this (in the age of social media and phone cameras) without Bitcoiners finding out and having advance notice that an attack is coming. One small change to Bitcoin Core could immediately brick these machines, and full nodes would be fully incentivized to run this software update. If the government chooses to try to buy a lot of ASICs, the large companies that manufacture them and their sales middlemen will begin to notice, and will spread the word. ASIC manufacturers are incentivized not to let a government try to destroy Bitcoin, since their whole business model depends on making ASICs which can only be used for one thing-- which is mining Bitcoin. Further, a 51% attack CANNOT: 1) Create fake Bitcoin or increase the max supply of 21 million 2) Steal your Bitcoin 3) Change the consensus rules 4) Force any node to accept a block or transaction that violates the consensus rules All that a 51% attack could do is to censor some transactions, attempt a double-spend, or even produce a series of empty blocks (effectively a denial of service attack, since no one would be able to transact on the network until the attack subsided). As soon as the attack stops, everything goes back to normal with Bitcoin. That would be a great ad for Bitcoin: "Nation-state attacker spends 10s of billions of USD and still fails to stop Bitcoin." Not investment advice! Consult a financial advisor. It's impossible to attack Bitcoin using standard cloud computing equipment: https://bitcoinminingcouncil.com/wp-content/uploads/2022/10/2022.10.13-BMC-Presentation-Q3-22-Presentation.pdf SHA-256 hash algo: https://emn178.github.io/online-tools/sha256.html Whinstone Bitcoin mining: https://www.riotplatforms.com/bitcoin-mining/whinstone-u-s Healthcare.gov plagued by crashes on 1st day: https://www.cbsnews.com/news/healthcaregov-plagued-by-crashes-on-1st-day/ Legacy Weapons Are Eroding the Military’s Edge: https://www.bloomberg.com/opinion/articles/2021-06-07/legacy-weapons-are-eroding-the-u-s-military-s-edge Bitcoin SV rocked by three 51% attacks in as many months: https://cointelegraph.com/news/bitcoin-sv-rocked-by-three-51-attacks-in-as-many-months BSV Suffers 51% Attack: https://www.coindesk.com/markets/2021/08/04/bsv-suffers-51-attack-report/ I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #bitcoin #bitcoinmining Disclaimer Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading. ... https://www.youtube.com/watch?v=FYhNNSLWX4g

Join Bitcoin University Premium: https://www.bitcoinuniversity.com In this video, I discuss how Bitcoin fixes big government and its overreach by helping to defund it and normalize its size vs the overall economy. When government is too big, everything becomes politicized, as people seek to weaponize the government against their enemies or use it as a slush fund for their business. Under a Bitcoin standard, governments will need to persuade or force you (easier said than done) to give them some Bitcoin to fund their operations. If the government wants to "print up some more BTC," it will need to mine like everyone else. It won't be able to just print up fiat and steal from savers through a stealth inflation tax. Bitcoin fixes government overreach by defunding it. If the people decide that something is worth doing it, they will choose to fund it. Bureaucrats won't be able to fund non-economically smart projects (like renewables or forever wars) by diluting savers through money printing. The size of government and its oversized impact on the economy will shrink. No longer will every fight or quarrel be escalated to the political level, simply because there won't be enough money at the political level to weaponize the US government against your enemies. Not investment advice! Consult a financial advisor. US gov spending as % of GDP: https://fred.stlouisfed.org/series/FYONGDA188S Agriculture Subsidies and Their Influence on the Composition of U.S. Food Supply and Consumption: https://www.americanactionforum.org/research/primer-agriculture-subsidies-and-their-influence-on-the-composition-of-u-s-food-supply-and-consumption/ Food pyramid: https://en.wikipedia.org/wiki/Food_pyramid_(nutrition) Maggie De Block: https://en.wikipedia.org/wiki/Maggie_De_Block Saif on fiat gov funding and renewables: https://twitter.com/saifedean/status/1688775239059046400 Financial costs of the war on terror: https://www.brown.edu/news/2021-09-01/costsofwar https://watson.brown.edu/costsofwar/figures/2021/BudgetaryCosts US debt clock: https://www.usdebtclock.org/ I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #government #fiat Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky. ... https://www.youtube.com/watch?v=LUW6Pw14qUQ