LogicallyMinded on Nostr: I think until we see an attack taking place from someone attempting to take over the ...

I think until we see an attack taking place from someone attempting to take over the hashpower, it’s impossible to tell if such an attack is practical on the #Monero’s network. I would agree that blockchains with SHA-256 algo and no other protection mechanisms are vulnerable to this type of attack because of the existing amount of hashpower that can be directed by a malicious actor but this scenario doesn’t apply to Monero. RandomX had been around for a while now and the only attempt we’ve seen at gaming the system is from Bitmain that released a “miner” which consists in a bunch CPU assembled in series. So saying that the security depends on devs changing the algo is to this date pure speculation. Also, we would need to factor the response from users in case of an attack against Monero. It’s likely that if Monero were to be attacked we would see a much stronger response from users than we will see in the case of a similar attack on #Bitcoin. Everybody has a CPU at home whereas the supply of miners that can be added to the Bitcoin network isn’t elastic. I’m not saying that Bitcoin is less secure than Monero but I’m skeptical of the claims saying that Monero isn’t secure due to its hashing algorithm.