So the plan is to sell your coins right before you destroy ltc?
great business plan, if a lot of people join you, you will get less than if you would just sold them without the 51% attack because everybody than sells them at the same moment. Afterwards you buy the then worthless coins back which will stay worthless, seems a way better plan than hold your coins and focus your energy on something that makes them more valuable.
And why would a botnet owner cooperate with you if he can make more money with mining and selling the coins. Your plan still needs a little bit rethinking.
You don't get that Bitcoin has survived for most of its life as a huge target for botnets. Botnets made a lot of $$$ off of bitcoin. If BTC can live through and even thrive with the existance botnets, then so can LTC.
+1
I still remember solo mining on my old laptop cpu, costed me +-1 day to generate 50btc.
Botnets came pretty fast, btc survived pretty good.
People seem to forget that litecoin actually travels the same path as bitcoin, first only cpu, than the gpu came (and now for btc ASICs). If you call it a flaw in litecoin it can't be mined on ASICs and botnets are profitable, than bitcoin was flawed too.
great business plan, if a lot of people join you, you will get less than if you would just sold them without the 51% attack because everybody than sells them at the same moment. Afterwards you buy the then worthless coins back which will stay worthless, seems a way better plan than hold your coins and focus your energy on something that makes them more valuable.
And why would a botnet owner cooperate with you if he can make more money with mining and selling the coins. Your plan still needs a little bit rethinking.
I'm not arguing that LTC can't be profitable. I'm arguing that LTC is vulnerable to malicious attack due to the way LTC handles mining. The fact that bot netting is profitable is the whole point.
You don't get that Bitcoin has survived for most of its life as a huge target for botnets. Botnets made a lot of $$$ off of bitcoin. If BTC can live through and even thrive with the existance botnets, then so can LTC.
I still remember solo mining on my old laptop cpu, costed me +-1 day to generate 50btc.
Botnets came pretty fast, btc survived pretty good.
People seem to forget that litecoin actually travels the same path as bitcoin, first only cpu, than the gpu came (and now for btc ASICs). If you call it a flaw in litecoin it can't be mined on ASICs and botnets are profitable, than bitcoin was flawed too.