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It seems contradictory to me to simultaneously believe PoW crypto is a good idea while also believing that you and your buddies can effectively launch a 51% att
by b_tterc_p 7y ago
It seems contradictory to me to simultaneously believe PoW crypto is a good idea while also believing that you and your buddies can effectively launch a 51% attack on a major network.
- foxrob92 7y ago"It's fine when I do it!"
- solotronics 7y agoIt's not a major network these are forks off of Bitcoin made for political reasons that claim to be Bitcoin. 95% of the hash power is on the main Bitcoin chain and not these forks. None of the primary development teams that contribute to the Bitcoin source code support these forks. It would be like making your own US Dollar and calling it USDCash or Dollar WV (Washingtons Vision) and trying to convince people its the same as a real dollar.
- b_tterc_p 7y agoBitcoin cash appears to be the 4th largest cryptocurrency?
- j_shi 7y agoThere are many valid criticisms of PoW but it's not contradictory to believe PoW can work (i.e. with large enough and distributed enough miner network) while simultaneously attacking particular PoW-secured networks
- b_tterc_p 7y agoYou should use these safes to store your money. They’re safe unless people do this thing. Does anyone do that thing? Yeah, me.