Ignoring the fact they definitely have the resources to sustain it, how many people will continue to run a node after losing everything to such an attack? How will anyone reclaim real world value if they exchange the coins for something else?
Ignoring the fact they definitely have the resources to sustain it, how many people will continue to run a node after losing everything to such an attack? How will anyone reclaim real world value if they exchange the coins for something else?
I found some of my favourite bands by downloading mislabelled songs on limewire.
They just need to figure out how to turn it into a massive advertising campaign, lock everyone in their houses and give them an opportunity to shitpost about how horrible their ideological opponents are, and nobody will question anything they tell you to put in your body to solve depression.
Then some massive org like the NSA creates/captures 51% of the nodes and takes everyone’s money overnight.
Eh… piracy wasn’t theft even before this, because you’re not taking it away from someone else.
Monetize
And this is exactly why we won’t actually get any new special projects, because anything which can’t be easily monetized will be treated as competition and ruined deliberately, and anything which can be easily monetized will be purchased and worn like a skin suit by greedy corpos the way the current Internet is being used.
Their secret was murdering their children to win the favour of their gods.
Again, how many ordinary people will continue to run a node for a network where they have nothing for an extended period? Even if they do, will the value of the coins remain even after such an event proves the weakness of the system?