I don’t think bitcoin will ever be 51% attacked but hey they say never say never...only possible by states at this point who’s prime goal is to destroy faith in the system
I think it’s high time community and developers be prepared for such an event. I mean every govt has bunkers and all for possible nuke attacks even if it’s unlikely.
On same lines I think we as a community have a plan b or back up ready for such an attack just in case it happens.
My thought is we should be able to fork/ run bitcoin smoothly on POS for time being of the attack or come up something hybrid POW/POS to mitigate the attack. We need to keep testnet /protocol ready for such an event
Having such a mechanism first of all will make bitcoin 51% attack proof as only a fool will invest that much of money in attacking only to find out that we switched to POS and the attack will fail...
Second just in case a fool does that anyways we simply switch to POS and go on with life as usual.
Bitcoin is distributed better than any other coin with strong community so 51% POS would be nearly impossible unless state wants to buy all coins in which case it will moon af boosting the ecosystem further.
Thoughts / suggestions...?
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