@adi How is an institition different from a few powerful players that control >50% of the network? 🤔
@firstname.lastname@example.org It’s significantly cheaper to open an exchange and get people to hold their money in a custodial wallet than it is to perform a 51% attack on an established cryptocurrency.
Monero in particular uses an algorithm that’s supposed to be ASIC resistant and, while it can be mined on a GPU, it’s more efficient to mine on a CPU. I’m curious if that makes it easier or harder for a hostile entity to perform a 51% attack.