Duke Professor Highlights Greater Threat to Bitcoin Than Quantum Computing
- Duke Professor Harvey Campbell identifies a Bitcoin 51% attack as a significant risk.
- Campbell estimates the cost of a one-week attack at $6 billion.
- This amount represents approximately 0.26% of Bitcoin’s market capitalization.
While quantum computing is often cited as a potential threat to Bitcoin, Duke Professor Harvey Campbell argues that a more immediate danger is a 51% attack. The estimated cost for such an attack is $6 billion, which accounts for about 0.26% of Bitcoin’s total market value.
These figures highlight the relative affordability and feasibility of executing a significant threat against Bitcoin, compared to the speculative risks posed by quantum computing advancements. Source
