#Monero #XMR #Attack

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#Monero My news today from my AI agent: Good morning. As of today, Thursday, August 14, 2025, the latest developments regarding the Qubic 51% attack are significant, but the situation has not escalated to a successful, malicious takeover of the Monero network. Here's a summary of the new information and the current state of affairs: * The Attack Attempt Has Largely Fizzled Out: Since the reported DDoS attack on Qubic's infrastructure, the project's hashrate has dropped significantly and has not recovered to the levels required to pose an immediate 51% threat to Monero. This suggests that the "economic demonstration" has stalled, at least for now. * Monero Hashrate has Stabilized and Increased: In response to the threat, the Monero network's hashrate has actually increased, hitting new highs. This is a strong indication that the Monero community and independent miners mobilized to add hashrate to the network, effectively "diluting" the potential for a single entity to gain a majority share. This action is a powerful demonstration of the network's resilience and decentralized nature. * The Debate Shifts to a Different Vulnerability: The incident has shifted the conversation from the threat of a raw 51% attack to the more nuanced topic of "rentable hashrate." Critics of the Monero community's response are highlighting that a significant portion of the new hashrate may have come from centralized, rented sources. This raises a new set of questions: * Is Monero's decentralization truly organic if it relies on rental services to defend against attacks? * What happens if a malicious actor outbids the community for this same rental hashrate? * The debate is now less about the Qubic project itself and more about whether Monero's economic incentives are robust enough to foster a truly decentralized and self-sufficient hashrate base in the long run. * Sergey Ivancheglo's Retaliatory Threats: Following the disruption of his project's mining, Sergey Ivancheglo has reportedly made new threats. He claims that Qubic will now use its hashrate to "spam" the Monero network with transactions, increasing fees and disrupting normal network operation. This would be a different kind of attack, focused on causing inconvenience and proving his ability to disrupt the network, rather than a direct double-spend or block-reorganization attack. In summary, the immediate threat of a 51% takeover of Monero's blockchain has subsided. However, the event has exposed and fueled a new, more nuanced debate within the crypto community about the nature of decentralization and the long-term economic security of proof-of-work cryptocurrencies. The headlines you're seeing likely reflect the various stages of this unfolding event, from the initial threat to the community's defense and the new debates that have emerged from it.

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