one word; 51-attack
To this day, there has never been a 51% attack, ever, in any coin. Do you even understand how it works? It's a theoretical concept that ALL PoW algorithms "suffer" from, and basically makes the attacker bankrupt. It will allow for 1 double spend before the entire network realizes it, and even if he has 75%+ and manages to highjack the blockchain entirely, every one else would leave. (Like what is happening with Bitcoin-XT) - essencially, destroying the entire value of the coin. And that, does not happen in one 51% attack. a 51% attack theoretically would allow you to spoof ONE block and performa a double spend.
Where would you double-spend a few coins? Buy a TV in Overstock.com, and have UPS block the shipment once the companie realizes that block got orphaned later on?
Since there are no ASIC's, could someone please calculate the cost of how many 290x's + electrical bill to get over 50GH/s of mining power?
Stop making a fool of yourself. You are not making serious questions. The 51% attack has been debated within bitcoin while Satoshi was still posting. We've all witnesses Slash's Pool at 60%, we've all seen GHash.io reach 60%.
51-attack is not one word, it's an alpha-numeric mash-up.
Don't be silly.
It's a bit naive to think that three letter agencies with unlimited resources can't carry out a 51-attack if they really want to...
The goal is to make a confirmationless wallet, where all transactions are protected by IX. 51% attacks become much less powerful in that case, they can't really touch IX. That would protect our millions of users we're currently shooting for (valid / non-illegal users btw), which leaves an attacker one option... to buy masternodes to attack Dash. We know how that will go.
We really do have an end-to-end solution to all problems within crypto now. I'm working on a 50+ page whitepaper that details the rest of the solution, I'm quite excited about it
Here's another one for good measure. We have sub-quorums for super secure tasks, but we could implement full-quorum based actions the masternode network can take as a whole. For example, banning attacking pools from the network, people, countries, etc.
Thanks, finally a sane answer. I'll wait for the white paper
Obviously you are in the crypto football fanclub.
"you have cash - you can buy drugs" = "you have a penis - let me convict you for being a rapist"
?? 