News for hackers. Stuff that matters.

A comment on Bitfinex never ‘repaid’ their tokens, they started a ponzi scheme. Parent comment

Re:Bitfinex never ‘repaid’ their tokens, they started a ponz... by cryptodogemoon on Monday November 06, 2017 @06:19AM (#15634723)
Their claim of 0 fees will not last. It means DDOSing will be trivial, and their network will be crippled.
[ Parent | on HN ]
Re:Bitfinex never ‘repaid’ their tokens, they started a ponz... by Muanh on Monday November 06, 2017 @06:53AM (#15634841)
You have to do PoW when submitting a transaction. So DDOSing will not be trivial.
[ Parent | on HN ]
Re:Bitfinex never ‘repaid’ their tokens, they started a ponz... by the_stc on Monday November 06, 2017 @08:07AM (#15635133)
But the PoW is for small IOT devices right? Or at any case it is for regular users, and does not take them minutes to compute. I cannot see how that is resistant to an adversary with dedicated hardware.
[ Parent | on HN ]
Re:Bitfinex never ‘repaid’ their tokens, they started a ponz... by runeks on Monday November 06, 2017 @10:23AM (#15636072)
> You have to do PoW when submitting a transaction.

Then there is a price; it's just measured in watt-hours of energy spent instead of denominated in cryptocurrency.

[ Parent | on HN ]