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> doing it would destroy confidence in the coin and absolute tank the price People seem to say that but there's no evidence of this in fact. A price will only
by akrymski 4y ago
> doing it would destroy confidence in the coin and absolute tank the price
People seem to say that but there's no evidence of this in fact. A price will only tank if lots of other holders rush to sell before the thief sells his stolen billions.
- Sohcahtoa82 4y agoI think it's a matter of how quickly the thief could make their profits before people notice. Of course, keep in mind that for such an attack to work, you need 51% of the total ETH being staked. Again, that's billions of dollars right now. If you stole some coins via double-spend, you couldn't pull the money into usable fiat very quickly. Even dumping a bunch of coins is going to crash the price.