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A comment on Ethereum will use around 99.95% less energy post merge. Parent comment

Re:Ethereum will use around 99.95% less energy post merge by kipchak on Tuesday May 18, 2021 @11:24AM (#27195874)
The market cap will also increase as you buy loads of coins. For example if I went on coinbase pro, there are people willing to sell up to 50,000 ETH at a maximum price of $6,000, or a total cost of $220,000 million. Of course Coinbase isn't the only market, but if it was and I bought that 220,000 million dollars of ETH the market cap would now be around 700B, at least temporarily.

My guess would be at some point people would realize a takeover was occurring and panic, but it seems like a 51% buyout would require an ungodly amount of money and time.

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Re:Ethereum will use around 99.95% less energy post merge by Consultant32452 on Tuesday May 18, 2021 @12:13PM (#27196752)
It seems like a state actor could do it without much trouble. One important factor is a state actor doesn't necessarily have the profit motive. They could just desire to destroy the ecosystem.
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Re:Ethereum will use around 99.95% less energy post merge by crazypython on Tuesday May 18, 2021 @04:37PM (#27200717)
You don't need to buy, you can just get a coalition of people who already own 51% and ask them to do the attack.
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