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4 years ago in LeoFinance by bitcoinflood
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51% attack is what happened with STEEM right? After collusion happened with the exchanges and many of the Steem witnesses joined hands with Justin Sun?
But I get it that these POW blockchains you mentioned above are more prone to this.
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I'll be honest with you I still don't know what happened with all of that. All I knew is I was pissed at the time and figured a big investment of mine went belly up because of a few ass hats lol.
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LMAO. No problem @bitcoinflood.
I am sorry that you lost money because of that bullshit. I wish Hive will make you a whole lot more.
I know for a fact that such a thing won't happen here. We will not let one person own the whole network. And as we move on, we will definitely observe more decentralization of power among the community members.
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I think currently people are currently after the money and not the chain or any sort of hack, greed is rampant and people do not want to build but have the quick buck. I'm just taking my time. Of course the plan will always be to take out of a coin like doge and put it on hive
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Money makes the world go round. No matter how much someone might not like it it's just a fact that when price increases on a platform it's going to get a lot more attention in terms of developers, news etc.
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Yeah it's inevitable, as money keeps people inside of the equation
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It's an interesting topic because there were articles about China being able to control most of the hash rate and attacking the network. I personally don't think it will work because people would just start up their own networks to offset the hashing rate.
Thanks for the link as well. I may take a look at it from time to time.
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Chia is a funny one it's a new way of mining. Taking a massive harddrive and creating farms on it. If you had enough hard drive space then sure you could attack their network as well as it is still a POW model.
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