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user-inactivated · 482 days ago · link · · parent · post: Exposing violent watch thieves and their young female 'spotters'
I think maybe i'm confused at the setup -
is this running on an existing blockchain network like Etherium, or a private chain, and if a private one, who is being trusted as validator?
& @ 51% attack: valid, for Etherium it's a 66% attack: https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/attack-and-defense/#attackers-with-66-stake
Either way, if one entity controls all the validators I don't see how it's better than a regular database. If it's running on a public chain, gas fees are expensive and there's definitely disadvantages but I can see how it can make sense, especially for users who might be worried about Rolex folding or shutting things down on their end