Thread by @KyleSamani

The latest narratives from ETC community that the 51% attacks don't matter:

A) "The network is working as designed"
B) "Just wait longer for larger transactions"
C) "Who cares, they can't steal your money. It's not like they broke public key encryption"

Time to dispel each one

A) "The network is working as designed"

This argument is articulated here - medium.com/ethereum-class…

While technically true, this framed precisely the wrong way. Yes, the network is working as designed, *but it's not working as designed for the actual users*

B) "Just wait longer for larger transactions"

Sure, you can, but why would keep your wealth in a chain where you have *no idea how long transactions confirmations will take* when you can instead choose a chain in which you do know how long a confirmation can take?

C) C) "Who cares, they can't steal your money. It's not like they broke public key encryption"

This acknowledges that the chain has no utility, and that the only person you can steal from are exchanges

{fin}