Monero appears to be in the midst of a successful 51% attack. The privacy-focused blockchain, launched in 2014 and long targeted by governments and 3-letters agencies, is already banned from most major centralized exchanges. The Qubic mining pool has been amassing hashrate for
@P3b7_ My guess is attack almost over. Today felt like the advertising blitz.
@tiredfornow We'll see...
@P3b7_ 51% attack does not enable double spends you dumbasses lol
@P3b7_ Only a Government can keep the attack going on XMR because they can print all the money they need 😅
@P3b7_ $QUBIC is alien tech and is in the process of becoming one of the greatest stories in the history of crypto. It's creator, Sergey Ivancheglo created/pioneered half of the tech that crypto companies are using today, he is one of the most influential developers within the entire
@P3b7_ Why is Monero perp not available on Hyperliquid?
@P3b7_ “Sustaining this attack is estimated to cost $75 million per day.” And the chain will be worthless once people lose confidence in it. Who would want to destroy an untraceable privacy chain? 🤔 Sounds like the alphabet boys to me.
@P3b7_ MERIS BOTNET downed the Qbic peers it seems. Community is trying to defend the reorgs.
@P3b7_ Never happened
@P3b7_ You are on drugs
@P3b7_ The key point here is that this is not an attack, but an experiment. $QUBIC could have destroyed the network and taken total control, instead, on multiple occasions it allowed Monero time to counter-measure. Although unsuccessful. Let’s see what happens next but I expect it’s a
@P3b7_ It's not a 51% attack yet. Something is happening, tho. We need a larger sample to know what. In a 51% attack, we should expect reorgs occur more often. It's possible to do reorgs and mine empty blocks with a lower share than 51%; it just won't be sustainable. Time will tell.
@P3b7_ Dude stop spreading FUD youre ridiculous
@P3b7_ Monero is finished. Like Vitalik they thought they were smarter than Satoshi Nakamoto. They were wrong.
@P3b7_ Hard fork/
@P3b7_ Wheres the data to show they have 51%?
@P3b7_ I thought economic security was a meme🤷?
@P3b7_ @c___f___b And $QUBIC did it, mining Monero in its idle time. People don't understand what's going on here. This isn't just a random pool pulling off a 51% attack; it's one project mining another
@P3b7_ yo this is wild, $75M/day to sustain
@P3b7_ Nothing is gonna happen to Monero lol
@P3b7_ monero's design inherently mitigates these threats
@P3b7_ What do you think happens from here Charles?
@P3b7_ The intent of Qubic by doing this it to prove their model uPoW and also it's permitting to improving Monero model.
@P3b7_ What a horrible take.
@P3b7_ lol the irony
@P3b7_ There's one place where you can short $XMR 😉
@P3b7_ This is crazy if true
@P3b7_ Sure ? 🤔 https://miningpoolstats.stream...
@P3b7_ This is a bot/ponzi/state coordinated attack. https://x.com/MgkMshrmBrkfst/s...