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102 sats \ 1 reply \ @OT 12 Aug \ on: Monero and the 51% attack that maybe isn't a 51% attack - BitMex Research news
Although I'm not so familiar with all the technical details of monero, I did spend a lot of time arguing with their community. One thing I thought was dumb was CPU mining. Like couldn't anyone just spin up a bunch of miners on old computers? And if everyday people can do that, then a data center could spin up 100k miners and destroy the network in a day.
It will be interesting to see how it plays out.
I don't like to straw man stuff. I really try to avoid it but my experience with Monero people (fans of it at least) is that they don't really focus on economics or incentives. They don't really get game theory, or at least they don't seem to.
It could be that these people I've interacted with are just terrible at communication and logic. That is possible. But what is clear is that the main focus of Monero is privacy. This seems to me to be pointless if the system isn't secure from attack. I don't care if the network can be private but will be destroyed when it becomes worthy of attack.
But, what do I know. Maybe the project will come up with some useful things bitcoin can use. I have no desire to argue with people over it. If they wanna use it. Go for it.
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