BitShares Forum
Main => General Discussion => Topic started by: Ravid on November 30, 2017, 01:54:16 pm
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Hey guys,
As time goes by, theoretically speaking, polo and binance could get a hold of 51% of all the available bts. Could they in this theoretical scenario collude and create a worker proposal that pays them all the reserve funds for nothing and auto-vote it in, stealing all the money that's in there?
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Seriously? And theoretically who would they sell them to?
It's not like every transaction on the BTS blockchain isn't transaparent
I think you should read some of Dan Larimer's writings..
https://steemit.com/eos/@dan/in-defense-of-consortium-blockchains
It's one thing to engage in anonymous hacking and stealing bitcoins or hijacking systems with ransomware e.g WannaCry
but stealing BTS in broad daylight...? Not happening...
If you want to dig into something that's really happening...
Look into the "Tethers Crew" ....they've been pumping EOS with phantom tethers on Bitfinex for weeks !
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As time goes by, theoretically speaking, polo and binance could get a hold of 51% of all the available bts.
Exchanges don't need 51% or something to abuse voting power in different ways. In fact, they already did it. A solution is simple: don't give them your BTS to hold.