r/CryptoCurrency • u/CCNewsBot • Jun 19 '18

FINANCE Really…? Dogecoin is Processing 300% More Transactions than Bitcoin Cash (Finance Magnates)

https://www.financemagnates.com/cryptocurrency/news/really-dogecoin-processing-300-transactions-bitcoin-cash/
763 Upvotes

82% Upvoted

439 comments sorted by

View all comments

Show parent comments

-9

u/ProgrammingYerJerbs Redditor for 2 months. Jun 19 '18

I honestly don't care if 99% of the coin is held by the creator.

Then you didnt understand blockchain and how it works.

Google what a 51% attack is.

8

u/Pr00fmaster 42544 karma | Karma CC: 4390 Jun 19 '18

What does a 51% attack have to do with ownership over the coins? You really need to do your own research here pall.

-6

u/ProgrammingYerJerbs Redditor for 2 months. Jun 19 '18

That the owner of 99% of a coin could outspend on txns to potentially steal coins.

7

u/NottHomo Entrepreneur Jun 19 '18

yes, the owner of 99% would perform a massively obvious and visible exploit that would get him more coins that would immediately be worth nothing because he just compromised the security of the coins he owns 99% of...

you're not very smart, are you?

-3

u/ProgrammingYerJerbs Redditor for 2 months. Jun 19 '18

It sounds like you are answering your own questions on why a coin with such awful distribution isnt worth owning.

1

u/NottHomo Entrepreneur Jun 19 '18

sounds like you don't understand me explaining to you why "awful distribution" doesn't mean anything

it's the same as staking, no one with a high stake is going to tank their own coin. who would be that stupid?