Litecoin's Charlie Lee commenting on decentralization concept post ETC 51% attack

08 Jan, 2019 | Updated: 08 Jan, 2019
by Fifi Arisandi
Opinion
Litecoin's Charlie Lee commenting on decentralization concept post ETC 51% attack

The 51% attack on the Ethereum Classic (ETC) has made people on Twitter "discussing" about the decentralization concept. 

The recent 51% attack that happened to the Ethereum Classic (ETC) network just hours ago has sparked a debate on the Twitter-verse, particularly about the decentralization concept.

A user with the name CryptoTesla made a statement that if a network can’t be 51% attacked, it is not decentralized.

His statement was triggered by the comments of other users on Coinbase’s announcement about the attack.

One of them, which appeared to be a die-hard XRP supporter said, “Phew!  Glad I'm all in XRP.  Did I mention XRP is immune to double-spend attacks?”, which then responded by a user named Kramer that said, “All centralized databases are immune. The point is being decentralized. Yes shitcoins can be 51% attacked.”

This “conversation” was behind CryptoTesla’s aforementioned statement that managed to grab Litecoin’s founder, Charlie Lee’s attention, among his many comments on the recent 51% attack incident.

Lee said that CryptoTesla’s statement is thought-provoking.

He added that a decentralized cryptocurrency must be susceptible to 51% attack.  However, instead of agreeing with CryptoTesla’s statement, he went on saying, “If a crypto can't be 51% attacked, it is permissioned and centralized.”


His comments received various comments, with most of them disapproving his opinion, although there are some that agree, such as user Giratina that considers it make sense.

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage