Post
Topic
Board Altcoin Discussion
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
by
monsterer
on 18/02/2016, 20:28:40 UTC
Why would they:
-Create witnesses that will do what negative actions exactly?
-Vote these witnesses in
-Prosper how so?

1. Short the coin
2. Vote in evil witnesses to halt the network, driving the price to 0
3. Profit.

Nominally, this would have to be a very evil exchange, but this kind of thing can happen for example, if the exchange gets hacked.