How can Ethereum (and Chainlink, Augur, etc) ever support quadrillions of dollars when the cost to 51% attack it is so low?
How can Ethereum (and Chainlink, Augur...
we're all so delusional
if this is true wouldn't it have happened by now
op is a massive faggot
good luck with your 260k 51% attack lol
give it time to grow in value
That's a lot of hardware tho
ETH is going PoS. Game over, 51ers.
I don't think you could actually rent enough hashrate to make this a reality. Just because you can theoretically do it doesn't mean there is enough rentable hashing power.
I also guarantee that rates for renting hash power will skyrocket if you try to do this. Supply and demand.
Not necessarily. Up until now shorting has been impossible. Once you can short it becomes profitable for some people to 51% attack a network just to see it drop in price. Once crypto had a high enough market cap wall street will come in and wall street know how to beat the market. They will employ every shady trick in the book to profit off of crypto. Thats means shorting while 51% attacking tge same coin.
How high could it really get though? When the value of assets secured on chain are in the trillions, even a billion dollars would be worth spending on an attack.
dumbest post i've read today
>even a billion dollars would be worth spending on an attack.
would it though, if a consistently successful attack would drop the coin's value below zero
unless you're shorting it, hmm
I've got an idea
It'll be free to 51% vs renting hash
You could only nice hash 4% : ^ )
You could have 100% attack and still only reverse transactions where you own the sender key. That's the worst you can do
>How can Ethereum (and Chainlink, Augur, etc) ever support quadrillions of dollars when the cost to 51% attack it is so low?
Epic bait. I'm sure 97% of biz are actually too brainlet to be able to answer you.
Pandacoin is much more expensive to 51% than ETH or even BTC
BLOWN THE FUCK OUT
>You could only nice hash 4% : ^ )
that is retarded how do they even calculate that bullshit... believe me, if someone gets on nicehash and starts bidding high enough on ethash, miners WILL switch to nicehash and take that money and mine for the attacking pool
That would requite a large amount of capital not to mention large mining groups are not going to switch over as they get paid in btc , these people are mining eth because they want eth. I can still remember when nicehash got hacked and a large operation is not going to take that risk.