Doesn't double spending mean MORE coins were added to the total number of coins? Which means more inflation. So people are dumping millions of new coins into the ecosystem. Which means the price will continue to fall. :-(
Basically someone is replicating new WC's .... it's like someone printing money. The value of it will decrease.
Everything you posted is completely wrong.
I'll explain exactly what happens in this situation, no new coins are created at all. The exchanges lose money unless they halt trading, that's ALL that happens.
No normal users will even be affected since nobody was sending coins anywhere in the first place due to staking being down and being worked on.
For all intents and purposes, this will have the same effect as some guy running into an exchange with a gun and running out with a small amount of Bitcoin, that's it.
To even call this a double spend attack is stupid. Double spend implies the coin security features were breached. The coin's real security features aren't even online until new wallet is released.
It's a speed game: "the mogonzo boys" lost, someone else won.
For the 400th time for people who don't know what happens in a situation like this, it's the exchanges that lose money if they don't halt trading. No regular users will really be affected.
Things like this have happened to Cryptsy probably hundreds of times before. The last incident I remember was Cryptsy losing a bunch of Stablecoins.
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