Qubic Group Dey Run After Dogecoin After Monero 51% Block Reorg
On August 17, Qubic Group mining pool shoot pass 51% hashrate for Monero small, dem do six-block reorg as proof say dem fit do 51% attack. Di community vote say dem go try Dogecoin next time instead of Zcash and Kaspa for their ASIC-friendly 51% attack stress test. Qubic founder Sergey Ivancheglo talk say dis test show say their PoW model useful and e dey fund QUBIC token buybacks. After Monero block reorg, places like Kraken pause XMR deposit because dem get security worries. Even though Dogecoin mixed mining with Litecoin and higher hashrate make same attack costly, traders suppose dey monitor technical logs, developer response, plus any time plan for action. This one show how mining centralization fit risk market trust for DOGE.
Bearish
Di tori fo beta 51% attack pan Monero an di titol fo Dogecoin as Qubic Group’s next stress test target na bad fo DOGE. Pan di short term, di heighten fo security concern an di possibility fo sam block reorg o double-spend attack fit make traders nor confident, den go sell. Di exchanges dem do caution afta Monero incident na mek market fear increase. Long term, Dogecoin merged mining wit Litecoin an its big hashrate make 51% attack cost more an get hard, dat fit bring confidence back if no breach happen. However, di event show di bigger risk dem in mining centralization wey dey for proof-of-work networks, so risk-avoid traders still dey careful.