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