51% Attacks are becoming Frequent
Dear Steemit friends,
There were quie a few news about 51% attacks recently. One curious example is Verge that has been attacket three times already! There is also an argument (just search for 51% attack in a search engine) that argues that these 51% attacks are relatively inexpensive in terms of renting hashing power.
This is a little scary, and it might be extremely dangerous for lots of coins that don't have much hashing power supporting them. Do you think many of currently existing coins will disappear in the next 2-3 years? Share your ideas in the comments.
Upvote & follow :)
There are so many coins, it is possible some will vanish.
90% will vanish.
This is one of those things that may really hurt all other coins. I have always worried that a lot of these small "shit" coins were more harmful then beneficial and this may be another reason why. The confidence of investors in important.
I have curated your post as part of the @buildawhale Curation Team and your post has been mentioned here:
https://steemit.com/curation/@buildawhale/buildawhale-curation-digest-05-31-18
Our platform needs original content and authors like you to keep it up. We hope to see more great articles like this to come.