3 ms·
1. Most of the markets I've looked at have a letter of no-action from the CFTC. But I'm not aware of one for polymarket. 2. I imagine that any suspicion of fou
by jldugger 6y ago
1. Most of the markets I've looked at have a letter of no-action from the CFTC. But I'm not aware of one for polymarket.
2. I imagine that any suspicion of foul play would taint the waters, the same way a 51 percent attack could technically make you a bitcoin billionaire, at the cost of completely destroying bitcoin value. IEM works the same way, but is affiliated with a non-profit / government entity.
- javert 6y ago> a 51 percent attack could technically make you a bitcoin billionaire That's not the case. A 51 percent attack doesn't allow you to steal bitcoin, if that's what you have in mind.
- Clewza313 6y agoA successful 51% attack lets you double-spend your coins, which is effectively the same thing. (Until the market catches on and BTC plummets, anyway.)
- deleted 6y ago[deleted]
- javert 6y agoYou are not going to be able to double spend a billion dollars. And it would cost hundreds of millions, possibly over a billion, to accumulate enough mining power to perform a 51% attack.
- deleted 6y ago[deleted]