Post
Topic
Board Mining (Altcoins)
Re: 51% attacks, "secret asics", Exchanges losing money
by
jmigdlc99
on 26/05/2018, 12:35:58 UTC

Part of me wonders are these 51% attacks being done to create a community of fear that we "need asics" to defend ourselves against these attacks?


While I agree that we can't discount manipulation in our current market state, i disagree that ASICs are being developed to "defend" ourselves. ASICs are a product of financial greed and it is as simple as that.

With regards to 51% attacks, again it is nothing more complicated than a straightforward move to profit. In case you aren't aware, the 51% attacks modified the blockchain to make it seem that the attackers had millions worth of BTG when in reality they did not. The "scare" is just a side effect.