Troed Sångberg@troed@swecyb.com
@molly0xfff@hachyderm.io
Oh that's indeed interesting. But ... hmm. I know very little about other *coins than Bitcoin, but I don't think a 51% attack is an existential threat? It's still just statistically more likely that the attacker finds the next block, not a guarantee.
With Bitcoin miners have an economic incentive in not making their hardware worthless, I guess for Monero that's not an issue though.
Worth following - thanks for the link and writeup!
@jwildeboer@social.wildeboer.net
Molly White@molly0xfff@hachyderm.io
@troed@swecyb.com @jwildeboer@social.wildeboer.net It depends somewhat if they’re able to sustain the 51% attack, which would likely be extremely costly in this case. However I do think they are generally existential threats in the social sense, given the massive loss of trust from a successful 51% attack. It’s not to say a chain can’t recover from one, but it’s a pretty big hit.