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Re: StockItOut post# 12024

Wednesday, 10/25/2023 2:39:18 AM

Wednesday, October 25, 2023 2:39:18 AM

Post# of 12446
This is literally what happened:

What Is a 51% Attack?
A 51% attack is an attack on a cryptocurrency blockchain by a group of miners who control more than 50% of the network's mining hash rate. Owning 51% of the nodes on the network theoretically gives the controlling parties the power to alter the blockchain.


At that point, you can lower the difficulty to less than a rubix cube for a computer to solve. Then someone sucked up hundreds of thousands of un-mined coins and unloaded them.
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