Daniel Larimer is at it yet again.
With each passing day, ESO founder Daniel Larimer seems to found some way to stir things up. The latest one by Larimer who is getting increasingly controversial is his claim to take down the top two cryptos biz. Bitcoin and Ethereum with just a few resources.
“How many innocent people would you have to hold ransom to get bitcoin or eth miners to reverse a transaction? Would miners and mining pool operators be subject to class action lawsuits if people died because they mined?”
he Tweeted where it all started from.
If you are not sure what he is discussing about here, it’s as he said, “The morality of emergent behavior of blockchain systems.”
How many innocent people would you have to hold ransom to get #bitcoin or #eth miners to reverse a transaction? Would miners and mining pool operators be subject to class action lawsuits if people died because they mined?
— Daniel Larimer (@bytemaster7) March 28, 2019
In response to this one Twitter user commented, “For eth we have one data point in the past: zero.” For this, Larimer had this to say,
“How many eth holders would suffer financial death if they didn’t reverse dao. It seems the answer is much higher than 0.”
Larimer’s discussion on the morality of blockchain systems didn’t get well over with some people as analyst Tom Vays picked on Larimer by counting out his four “centralized scams” viz ProShares, BitShares, Steem, and EOS.
“You can hold over 51% of the world hostage & I would expect a 0% chance of Bitcoin transaction being reversed because Miner don't & should not care! But if you consider any one of the 4 centralized scams built by Dan Larimer (aka bytemaster7) u just gotta coerce 1 to 21 people!”
According to the data provided by Crypto51, the theoretical cost of a 51% attack on the Bitcoin network is $318,602 per hour while for Ethereum it’s $83,610.
As for why Larimer hasn't done it yet, “That would be illegal.”