@adi@twtxt.net How is an institition different from a few powerful players that control >50% of the network? 🤔

@prologic@twtxt.net 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.

Just see the total hashrate on the network, then figure out how many cpu’s you need to get over 51% of that rate - you then know what it would cost :)
Also - nice to see a monero discussion, it’s my fav cc. Also like it a lot because of the asic resistance that is built in.