cross-posted from: https://lemmybefree.net/post/1021813
Wanting to learn a bit more about it and discuss with people to know what they think about it
cross-posted from: https://lemmybefree.net/post/1021813
Wanting to learn a bit more about it and discuss with people to know what they think about it
What do you think about current situation of Monero? Right now people are talking about possibility of 51% attack. Do you think that could happen?
I think PoW sucks and this is a perfect example of it. It doesn’t cost a lot of money to attack some PoW chains currently. Just spike for a few minutes and boom. With PoS, you have to hold so you actively lose from attacking the blockchain, as lowering the value of the crypto impacts you negatively heavily
I think it’s a nice test for Monero and PoW blockchains
I didn’t learn too much about 51%, but my guess is that they can pretty much cause massive reorgs from now, on demand, if they keep doing it. Afaik they reached 34% not 51% but still, it created some problems with the blockchain.
It could very well happen and what’s frightening is that they’re not super rich either