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by Cicero22 1867 days ago
Most of the other articles I saw when I googled "51% attack doge" said that this was unlikely, and that it had the 3rd most hashing power among crypto, mainly because of it being mined with litecoin. Saying it would be trivial to attack comes off as a hyperbole with that in mind. Litecoins 1 hour attack cost is $29,000, while Bitcoin's and Ethereums are $716,000 and $418,000 respectively, only a magnitude higher.

Those articles also mentioned a lack of incentive due to sending the price to zero, but perhaps that's an incentive now since there are ways to short the price of a coin.

1 comments

Yes, DOGE can be borrowed and then sold, to be repurchased later (at a possibly lower price); short positions can be opened. Plenty of DOGE is available for shorting. GPUs currently mining Ethereum can be used instead in a 51% attack against DOGE. No such pile of resources exists that can be redirected to attack Ethereum or Bitcoin.