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Everyone gets paid! > Proof-of-Stake attacks aren't about having 51% of the CPU that overwhelms a Proof-of-Work system, but about having 60-70% of the _value_
by irq-1 5y ago
Everyone gets paid!
> Proof-of-Stake attacks aren't about having 51% of the CPU that overwhelms a Proof-of-Work system, but about having 60-70% of the _value_ in the network.
If a nation buys 2/3 of the coin and destroys the network, investors (as a whole) take a 1/3 loss. Then they can (re)start another PoS coin.
Ironically the nation would be up against the old saying that the market can stay irrational longer than you can remain solvent.
- yellowapple 5y agoHell, they might not even take a loss at all. A nation-state-level actor trying to buy a majority of the monetary supply would represent a substantial increase in demand and therefore price.
- inter_netuser 5y ago...or gradually alters consensus to pad their pockets at the expense of smaller stakeholders. congrats, you've reinvented central banking and plutocracy.