Bitcoin & Cryptocurrency Nuus – Zencash Attack Update, Blood on the Blockchain, & Github Sold

wow thanks for showing the interview with zencash! awesome episode

Starts at 10:14 Ja, that ZenCash interview was really enlightening. It’s time for exchanges to really start paying attention to the PoW-coins now, and the downside is that the coin will become really hard to use when they have to be confirmed so many times.

Also note that new better ASICs will make old ASICs worthless, so someone could gather lots of the old ones, and only fire them up to do 51%-attacks now and then. If you at the same time short the coin on the futures markets, you can make a real profit. And if you expect to get profit from shorting the coin, you can make sure to for example mine 4 different competing chains and make sure that no chain is longer than the other. Then the chain is forked, and you can just continue to fork it until no one knows which chain to trust.

I’m expecting a devastating attack on Bitcoin Cash soon, or a direct attack on Bitcoin like this soon. And unlike ZenCash, the Bitcoins have really no strategy that I’ve heard of. Maybe Bitcoin Cash can just say “The chain that we mine is the true Bitcoin Cash, so don’t worry about the other longer chains” and then all illusions of it not being centralized are totally gone. Then it will be exactly like IOTA’s current pre-Tangle where no one trusts the confirmations unless they come from the IOTA Foundation’s coordinator. (This is however not centralized as everyone is free to just listen to another coordinator if they want or if IF for some reason confirms double spending which everyone will see.).

But I don’t think Bitcoin Core has a way to save itself if someone uses about 10-30% of the hashing power to make sure that many chains are equally long so that the other miners just don’t know which one to select as it changes all the time. Note that you can actually short (way) more Bitcoin Futures than there are Bitcoins! It’s just like gold. More paper gold (futures) is sold than there is gold and that works because the owners of the futures contracts can’t actually get any gold – just some money depending on the prize of physical gold trades.

I’m not fond of the github Microsoft deal. No no no.

I skip it each time …sorry

The answer to those 51% attacks is: POS instead of POW! Ask PIVX and Partcl…

Hey lark love your videos man but your new intro gives me the hebbie jebbies…. actually no scratch that I like it😁

When the tech leaders of the current generation promote Bitcoin as the future of money like Steve Wozniak and Dorsey have of late, well it tells you where you’re money should be.

Hi Lark! Thanks so much for giving the real story about ZEN !! I think this could be great if ZEN is the first project to draw a line in the sand and help stop 51% attacks for all projects!

Microsoft probably will target developers using GitHub database, just to get more people into their development ecosystem . Well is it good or bad? 🤷🏽‍♂️. I think it’s good 👍because Microsoft spend money, so we might see twice as much better platforms for developers coming out. Money going into one project🌱, normally it’s works like fertiliser for whole industry which that project came from🌾🌞🌻

Thank you for bringing first source of information regarding proof of work blockchains vulnerabilities. Which happened with an exchange with lower confirmations of Zencash blockchain example ✅👍📈💪💯 As long I understood it correctly😂. Now I understand why some exchanges take longer to process deposits🙃.
Thank you for your diligence 👍💪🔥📈

It has an effect that draws you in more and more – the bird sees into your soul

The Crypto Lark you are not wrong my friend

Thanks for another great vid Lark! Nexus has been making some bold moves, have you been keeping an eye on the Nexus updates.. Looking real good buddy!

“For the small man in your life….” That one got me 😂