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Any coin can be subverted if the majority of the userbase agrees so - that's a fork. Note that for fiat currencies, this is true, too. It's even worse, because
by gcp 9y ago
Any coin can be subverted if the majority of the userbase agrees so - that's a fork.
Note that for fiat currencies, this is true, too. It's even worse, because usually it's 51% of the issuing national government, which might be a much smaller group that the total users.
- lossolo 9y agoThe problem is that one user (entity) could gain 51% of hashing power, not majority of the user base.