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Over 8 years, with billions of dollars at stake, it has been proven that proof of work cryptocurrencies can only be compromised under a few very well defined sc
by woah 10y ago
Over 8 years, with billions of dollars at stake, it has been proven that proof of work cryptocurrencies can only be compromised under a few very well defined scenarios (51% attack). What happened here was simple theft. People sent Mohland money, he said he would hold onto it for them, and then he stole it. I assume you also don't trust any other form of money, because it can also be embezzled in that way.
- FussyZeus 10y agoAnd how many fiat currencies have had large scale markets like Mt. Gox just practically vanish overnight? How many bankers liquidated the entire assets of a bank's deposits to attempt to save the business? That straight up does not happen in the Real World.