4 ms·
As a means of trade, yes, they are powerful because they are widely trusted and preferred. However once you have them, you get rid of them. Good assets don't l
by doggosphere 6y ago
As a means of trade, yes, they are powerful because they are widely trusted and preferred.
However once you have them, you get rid of them. Good assets don't lose value over time.
https://www.statista.com/statistics/1032048/value-us-dollar-since-1640/ https://www.statista.com/statistics/1032048/value-us-dollar-...
- deleted 6y ago[deleted]
- kbhn 6y agoGood assets also don't get stolen if 51% of the network becomes compromised by a bad actor.
- doggosphere 6y agoHm? Stolen assets you say? https://en.m.wikipedia.org/wiki/Civil_forfeiture_in_the_United_States https://en.m.wikipedia.org/wiki/Civil_forfeiture_in_the_Unit... https://en.m.wikipedia.org/wiki/Executive_Order_6102 https://en.m.wikipedia.org/wiki/Executive_Order_6102 https://en.m.wikipedia.org/wiki/Greek_austerity_packages https://en.m.wikipedia.org/wiki/Greek_austerity_packages A 51% attack doesn’t let the bad actor steal someone else’s coins. It lets them reverse and double spend their own spending. They can’t directly steal coins. The flexibility of open source software gives opportunities to mitigate such an event, should it happen.