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.You see to be completly oblivious to SIMPLE math.
1. There aren't enough coins currently on the market to buy a 51% stake.
2. As soon as someone started to buy many coins, the price would increase exponentially.
3. If anyone were to control 51% it would destroy the value of the coin. Thereby destroying the urge for anyone to acquire so many coins.
4. Not having to do with math. Why the hell isn't anyone asking questions about this on blackcoin's thread. Gee, I wonder. Trolls be gone.
1. wrong. who says that all coins have to be on market?
2. also wrong. there are already large bagholders.
3. not necessarily. only when they dump it would destroy the value of the coin. probably they will pump first and then dump smaller values. then pump again. they want your btc.
in the process they will increase their stake. happens all the time with all coins. ie with auto trade engines. those buys and sells that have random .62173612 etc.
4. blackcoin has similar issues. this is general pos. nothing to do with trolling.