RE: How Expensive is it to Take over the (PoW) Network of Bitcoin, Ethereum or Monero? Why We Might See More 51% Attacks in the Future by cryptotem

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cryptocurrency · @cryptotem · May 26 '18

$0.07

There is only one reason: they expect to find someone in the future that is willing to pay more for their coin than what they paid. Speculation.

👍 maarnio, stimialiti

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@stimialiti · May 26 '18

$1.34

Obviously, but why do they expect it from such lousy currencies?
Their vulnerabilities have already been exposed.

👍 luckyvotes, ubot, sleeplesswhale, lightningbolt, youtake, stimialiti, cryptotem, slowgrow, fersher

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@crypto-econom1st · Jun 4 '18

I think part of the answer is quite simple. Lots of people are clueless of what they're buying. Another part is greedy and hoping it to become much more valued.

Further I guess that some coins have a large stake being hold by the owners.

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@stimialiti · Jun 4 '18

$0.71

I am greedy too, and because of it I will not buy a currency that I know that was already "compromised".
Maybe trade bots bought it.

👍 sleeplesswhale, adriatik, voteme, stimialiti, slowgrow

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5 replies

@cryptotem · May 26 '18

We should find some of these people and ask, because I don't have the faintest idea...

👍 stimialiti, slowgrow, fersher

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@luckyvotes · May 28 '18

re-stimialiti-re-cryptotem-re-stimialiti-re-cryptotem-how-expensive-is-it-to-take-over-the-pow-network-of-bitcoin-ethereum-or-monero-why-we-might-see-more-51-attacks-in-the-future-20180527t070814084z-20180528t084934902z

You got a 26.63% upvote from @luckyvotes courtesy of @stimialiti!

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@sleeplesswhale · May 28 '18

You got a 18.02% upvote from @sleeplesswhale courtesy of @stimialiti!

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@youtake · May 31 '18

@youtake pulls you up ! This vote was sent to you by @stimialiti!

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