Post
Topic
Board Altcoin Discussion
Re: Privacy Coin Firo under 51% attack
by
qwizzie
on 21/01/2021, 13:13:55 UTC
This is bad and will likely turn investors towards other privacy coins like Monero. That is, if a team can't protect their blockchain and give hackers a taste of what it feels like, that is to say the platform will find it hard getting investors or users who will trust them henceforth, and considering it is a privacy coin which is believed to be decentralized, this is a bad one for them. Or maybe it could be that in the process of developing a new feature or protocol like the Chainlock as mentioned, they made a mistake thus giving hackers the loophole they are looking for. Nevertheless, I hope they come back stronger and better, while giving investors good reasons to keep trusting them while also using it for anonymous purposes.

The only mistake they made, was not implementing ChainLocks on their network sooner (they are still in testing phase).
They announced to copy Dash ChainLocks in June 2019, what was taking so long ?