Qubic founder hints at possible 51% attack on Zcash network after similar attack on Monero
The post Qubic founder hints at possible 51% attack on Zcash network after similar attack on Monero appeared on BitcoinEthereumNews.com. Sergey Ivancheglo, the founder of AI crypto protocol Qubic, has hinted at the possibility of executing a 51% attack on privacy token Zcash. Ivancheglo, also known as Come-From-Beyond, shared the view on X. According to him, the Zcash founder Zooko Wilcox-O’Hearn is pro-government, and the network is not as privacy-oriented as it purports to be. Therefore, it might be morally justified to attack the blockchain. He said: “It’s not a big secret that #Zcash founder likes licking govt ass if it’s profitable (x.com/zooko/status/8…) and only those who don’t care about privacy (or are misinformed) use $ZEC.” However, he did not confirm whether there would certainly be an attack, instead choosing to phrase it as a question for his followers to approve. Ivancheglo wrote: “Would it be morally justified to 51% attack Zcash, aiming to bring max damage to its blockchain as a part of an economic experiment?” However, an X user cautioned Ivancheglo about publicly documenting the planned 51% attacks, noting that it could amount to market manipulation as the posts alone could impact the price performance of the tokens. They wrote: “You can’t just hide behind economic incentives when you are facilitating losses for market participants while making posts that clearly state your motives behind the action.” In response, Ivancheglo stated that the freedom of speech is already guaranteed under the American Constitution. He added that his country, Belarus, is under sanctions from the US, which means no one in the US can sue him. Crypto users criticize Qubic for targeting Privacy Chain Meanwhile, the reaction to a possible 51% attack on the Zcash Network has been mixed. While some praise the idea and believe it will be good for the network, others are pessimistic about its impact and question the rationale. One user noted that attacking Zcash will…
The post Qubic founder hints at possible 51% attack on Zcash network after similar attack on Monero appeared on BitcoinEthereumNews.com.
Sergey Ivancheglo, the founder of AI crypto protocol Qubic, has hinted at the possibility of executing a 51% attack on privacy token Zcash. Ivancheglo, also known as Come-From-Beyond, shared the view on X. According to him, the Zcash founder Zooko Wilcox-O’Hearn is pro-government, and the network is not as privacy-oriented as it purports to be. Therefore, it might be morally justified to attack the blockchain. He said: “It’s not a big secret that #Zcash founder likes licking govt ass if it’s profitable (x.com/zooko/status/8…) and only those who don’t care about privacy (or are misinformed) use $ZEC.” However, he did not confirm whether there would certainly be an attack, instead choosing to phrase it as a question for his followers to approve. Ivancheglo wrote: “Would it be morally justified to 51% attack Zcash, aiming to bring max damage to its blockchain as a part of an economic experiment?” However, an X user cautioned Ivancheglo about publicly documenting the planned 51% attacks, noting that it could amount to market manipulation as the posts alone could impact the price performance of the tokens. They wrote: “You can’t just hide behind economic incentives when you are facilitating losses for market participants while making posts that clearly state your motives behind the action.” In response, Ivancheglo stated that the freedom of speech is already guaranteed under the American Constitution. He added that his country, Belarus, is under sanctions from the US, which means no one in the US can sue him. Crypto users criticize Qubic for targeting Privacy Chain Meanwhile, the reaction to a possible 51% attack on the Zcash Network has been mixed. While some praise the idea and believe it will be good for the network, others are pessimistic about its impact and question the rationale. One user noted that attacking Zcash will…
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