Today, Bitcoin's Doomsday Scenario Arrived

There is only way to hack the entire Bitcoin network, which has continued to hum along in the face of numerous Bitcoin business failures. It involves a series of group of Bitcoin miners taking control of 51% of the Bitcoin's processing power, thus giving them the power to confirm transactions that don't exist. Miners are simply computers that unscramble the encrypted series of numbers attached to every Bitcoin transaction. There is profit in numbers, and many miners have formed large pools to ex...