Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack
by DennisP on Saturday March 13, 2021 @09:35AM
(#26446806)
It would be more difficult these days to get much marketcap on the minority chain, now that Ethereum hosts tokens representing a variety of off-chain resources like fiat money and bitcoins. Those things will have to pick one chain whose claims will be honored. Same for some NFT projects. Anything involving data feeds won't necessarily support the minority chain either, though in principle they could.
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Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack
by imtringued on Monday March 15, 2021 @05:27AM
(#26463966)
This is weird. So NFTs don't do anything? I mean you can always fork ETH and then transfer ownership of all NFTs to yourself on the fork. So basically the value proposition of NFTs is tied to the chain they exist on. It's not the NFT that gives it value, it's the combination of NFT+ETH that gives it value. That's extremely absurd.