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edmund_the_destroyer wrote (edited )

The headline is clickbait. The first 'hack' they list is the 51% attack, which has been known from the beginning. The other successful hacks have been against systems that store blockchain credentials. They didn't break the blockchain connected to the victims' wallets, they just took the wallets.

Don't get me wrong. I haven't invested a cent in blockchains and I don't plan to unless the landscape changes dramatically. But the article is a waste.

Two (edit: Three. I meant three. Maybe I need to go to kindergarten again) things I'm following with interest in news but not investing in:

  1. Blockchains/cryptocurrencies/distributed ledgers that can operate without high environmental cost.
  2. Research into truly anonymous transactions.
  3. Blockchain networks that can support distributed, decentralized software applications (provided point 1. also applies).
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[deleted] wrote

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edmund_the_destroyer wrote (edited )

It's an interesting start, but it piggybacks on energy-hog Bittorrent. (Edit: I meant Bitcoin, sorry.)

I was more interested in the ideas in Safenetwork/Safecoin, which has some concepts with a blockchain but isn't a blockchain or cryptocurrency. But it could still be a complete bust or elaborate pyramid scheme.

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