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    Author Topic: | Nxt | Blockchain Platform | Proof of Stake | Official  (Read 941600 times)
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    TwinWinNerD
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    May 14, 2014, 12:23:21 AM
     #1461



    Edit: you went from 'top 20 owning 90%' to 'top 10 owning 1/3'.  Which is it?

    It is the second, of course. Top 20 were owning 100% initially. I did not know how much now. Now I do and it is almost 1/3. Still showing an evident distribution problem... which is THE problem. Don't disperse....

    Having a relatively small number of large accounts to add up to >50% actually helps NXT network security. It is much harder for an attacker to gain control over a few dozen highly motivated people (who each have a sizeable interest in keeping network secure) than over hundreds or thousands of people who wouldnt be so interested.

    If you know the founders personally like i do, you will realize that they are ordinary guys and getting them to all agree on anything is near impossible. For them to agree to destroy NXT integrity by pulling off some sort of 51% attack is absurd.

    Theoretically all sorts of horrible things can happen to anything, in reality, there are common sense things that limit such crazy scenarios. bitcoin is also based on this self-interest model. The more you have, the less likely you are to want to destroy it.

    James

    But that dear James is wanting to assume that those top 20 holders will not be the perpetrators of the attack... which makes the whole point.

    But of course, like Twin here, you are on to your own scams, so please do carry on...


    You may write in a calm and friendly way, but you are full of shit.

    You think that the top 20 would consider attacking the network and harming it ,but you have not stated a single logically valid argument as to why they would do it. You said that they could take away a persons money. Now, tell me how they would do it? You said, that they could take someones money and just say someone hacked them or stole it. HOW WOULD THEY DO IT? Either you don't understand a 51% attack or you are a troll.

    Explain yourself..

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