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The only way to profit is to double-spend, so you'll have to buy or already own a substantial amount of those junk coins and then sell them. After you performed
by zeroname 8y ago
The only way to profit is to double-spend, so you'll have to buy or already own a substantial amount of those junk coins and then sell them. After you performed the attack, those coins that you now could theoretically sell again may be suspended from trading or should at least trade at a substantially lower price.
Add in the opportunity cost of exercising such an attack and it's not clear that you could turn a profit.
- trophycase 8y agoUnless there is margin trading, then you can simply just short the coin.
- zeroname 8y agoIs there margin trading on any of these junk coins? Doesn't seem like a good idea to offer something like that, given the relatively low liquidity/volume.
- Applejinx 8y agoOr, if you have any other motivation for attacking either a coin or a person or entity known to be heavily invested in that coin. You know, in case turning a profit is not the only possible motivation for anybody to do anything. Many acts of war and violence are not profitable, certainly not directly profitable, and yet history shows people will attack each other anyhow. 'Bit' worrisome if your whole concept of finance depends on altruistically greedy actors who can never act out of spite or malice. That would be creepy but nice compared to the real world as it has always existed.