Quote from: niothor on June 03, 2014, 02:14:53 PM

Quote from: lynn_402 on June 03, 2014, 02:10:03 PM

Quote from: niothor on June 03, 2014, 02:07:10 PM

Quote from: stompix on June 03, 2014, 01:14:00 PM

I suppose you realize it takes not a billionaire but a guy with a little trading experience , with some key people in some popular blogs and a few millions to spare to take down any coin right now?

Idealist? Too bad the % idealist vs people who care only about the money is too low right now in cryptos.

Nobody really cares about bringing down coins ....
The bitcoin network could be brought down by just 50 mils invested in miners. Maybe 70 after the last difficulty jump.

But why bother with it , they have other more important thing and a little 7bils market cap is not on their agenda , not talking about a 40 millions one.

Indeed. If someone managed to get the amount of ASICs required to attack a coin, its value would drop significantly as soon as the attack is spotted. There is no way that can be profitable.

The most appropriate example would be either:
ghash that can almost launch a 51% attack but i'm willing to bet all my btc they will never think of losing that much money for....what?
quark , they can experience a 51% with about 500 i5-i7 processors mining , and this for the last 3 months , again , nothing happened.

Guys with lots of money don't want to waste it on destroying things when they can make more out of it.

51% attack is not so easy to be made.
Dogecoin is based on brand new litecoin source so its not so like in "early" years.