EOS' Dan Larimer Claims He Can Take Down Bitcoin & Ethereum with Just 3 Pool Operators

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.”

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.”

Today's Bitcoin (BTC) Price Analysis with Top Altcoin Predictions: Ethereum (ETH), Ripple (XRP) and NEO

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today