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Title: The lower the ETH/USD price, the weaker the network is (post EOS attack thought) Post by: Tyr808 on July 16, 2018, 01:07:16 AM So yesterday EOS was pumping 50 ETH an hour worth of gas to intentionally attack the ethereum network.
24 hours of continuous attack costed those motherfuckers 700,000$. Fair price to pay (with crowdfunded money lol) to bash your competitor perhaps. But what if the price per eth were 45$ instead of 450$? The attack would have costed just 2200$/hour, at a price like that a wealthy competitor like EOS could easily afford to permaclog the fucking thing for several months dethroning it and getting eventually back the money back once Ethereum is abandoned. About the EOS attack: https://bitcointalk.org/index.php?topic=4676328 Title: Re: The lower the ETH/USD price, the weaker the network is (post EOS attack thought) Post by: mc.craigsvictor on July 23, 2018, 09:02:41 PM The price is not associated with the capacity of the network. It gets slow or weak when a lot of transactions are being done simultaneously. So, whenever we see that the network is slow, it is safe to assume that small or large projects are just being transacted at the same time.
Title: Re: The lower the ETH/USD price, the weaker the network is (post EOS attack thought) Post by: Tyr808 on July 23, 2018, 11:58:33 PM The price is not associated with the capacity of the network. It gets slow or weak when a lot of transactions are being done simultaneously. So, whenever we see that the network is slow, it is safe to assume that small or large projects are just being transacted at the same time. Instead the price is important you knucklehead. If the price is high enough nobody can attack the network. Title: Re: The lower the ETH/USD price, the weaker the network is (post EOS attack thought) Post by: DavidCallahan on August 06, 2018, 06:13:30 PM The speed of the network is not related to the price of the coins, but in fact is related to the quantity of the transactions. If more and more people are engaged at the same time in the network, it will put a strain in the network and will make it slow
Title: Re: The lower the ETH/USD price, the weaker the network is (post EOS attack thought) Post by: Tyr808 on August 09, 2018, 12:12:24 PM I am not talking about speed but security.
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