Re: [ANN][MINT]Mintcoin, Energy Saving Coin *23 Exchanges *34 Merchants
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so pray that a whale, with bad intentions, does not get 51%
That would cost the attacker about $750,000.
Is it really worth it to attack? I mean they are spending 750K to destroy their own money, who would do that?
double spend? there will be other flaws... but currently double spend is most likely to occur with a stake of 51% or more.
pure pos is untested. we will see what future will bring.
i am into mint now as well.
ps. it would cost bitcoins. that is why "there is nothing at stake". an early adopter of bitcoin can do this. also the marketcap.. is at highest buy/lowest sell.
marketcap only takes highest buy price and multiplies that by coins available. it wouldnt take 750k usd. not even close.
so coinmarketcap is not even close to real value. simple math.
Luckily mint isn't a pure PoS. I'm glad to see you are into mint again, welcome back
based on your posts on this forum you are clearly a very critical thinker and that is great because we need people who are willing and able to scrutinize the coin in a constructive manner. Likewise, I am thankful for anonymousg64's efforts to pin down any possible security flaws in the PoS system- I'm just not sure I like how he is broadcasting it to the public as though it is fact before there is any certainty to it. I still think any security flaws that do arise should be brought up to the devs of the coins directly and privately so that they can deal with them before they become a problem (telling the general public only informs people how to exploit a security flaw if it does exist, and if it doesn't actually exist then it just spreads fear and uncertainty).
+1 also thanks anonymousg64's efforts but stormia is more than right.