Network hijack

[yvv]

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.

[bitstopia2049]

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  !

[Ravid]

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?