Hi Gandalf,

I got an email from Cryptopia about 51% attacks. I'll link their explanation below, which was quite enlightening for me.
I'm happy I moved my coins off Cryptopia some months ago, but it made me think about coins with a small marketcap, which TIT and TTC still are. The attackers can simply rent an ASIC computer system and then they control these small coins. As I understand it, this is possible with coins that use the original Bitcoin style Proof of Work. It's not possible with Proof of Stake coins. (Please correct me if I'm wrong.)
I think it's safer for small coins to not use Proof of Work, to avoid 51% attacks. If a 51% attack happens today, it can happen again anytime. Right?
I'm happy that TTC moved to Proof of Stake and thereby avoided the current attacks. Shouldn't your TIT do the same? Maybe the merger isn't that bad after all..?
Don't you agree?

Here's the link to Cryptopia's explanation, where they explicitly state "This is no problem for popular coins like Bitcoin, but for smaller coins, 51% of hashrate of some types of coins can easily be rented.":
https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=91fc54cddbfc2b0052d2ef728a961948

I'm interested in your thoughts.
Best regards,

Learnalot.