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by guy_c
2949 days ago
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I wonder if we could see a spiral that effectively kills off smaller coins? > Exchanges respond to these `weak` coins by increasing their confirmation requirements. Some of the really small coins would probably need huge numbers of confirmations.
> Lots of confirmations, which would likely damage the value of the coin.
> Lower price would reduce the miner hashrate
> Lower hashrate would further lower cost of 51% attack.
> Exchanges increase confirmations further -REPEAT- |
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