Quote from: RivAngE on March 12, 2019, 02:29:40 PM

Quote from: Branko on March 12, 2019, 02:19:15 PM

Quote from: encycrypto on March 12, 2019, 02:07:36 PM

That only lessens my trust in crypto, I wish that we can get a huge price increase and a huge hashrate increase so that at least the attack of bitcoin could get expensive.

That would not help...cost would be higher, but you would also gain/steal more...only real answer
is true decentralization...much more pools, much more miners, and some way to remove/negate
services like nicehash

No no you're missing one important point.
If the price of a coin would increase by 50%, then let's say the hashrate would only increase by 50%. However the cost for a 51% is always the double of the existing hashrate, so the cost would increase by 100%.
A 300% increase in BTC's price would shoot the cost for an attack to 600% its current cost.

In any case, as it's obvious from the amount of whales that exist, such amount of money is not an issue for many. Especially if enemies of cryptocurrencies would like to damage their image, they could do so no matter their cost as long as they could.

Those of us we're holding XRP, ain't we glad it's not a PoW coin? Wink

That's exactly what I was speaking about, but we can't say that ripple is much better than attackable coins. The whole reason of crypto revolves around decentralization, if we can't achieve true decentralization, then it'll be a win of banks.