🚨Monero Under ATTACK: The END of PRIVACY??

XMR is currently facing what some are calling an "economic attack" from Qubic, a mining pool and crypto network led by Iota co founder Sergey Ivancheglo. Qubic openly admitted to incentivizing Monero CPU mining through their own network, with the mined XMR then used to fuel their own ecosystem. Ivancheglo even stated he planned to reject blocks from other pools once Qubic controlled enough hashrate, effectively making Qubic the only profitable place to mine XMR!

This move quickly sparked a huge backlash from the Monero community, and it's working! Qubic has already tumbled from the top spot in Monero mining pool rankings down to seventh, showing the power of a united community. While Ivancheglo claims he's just "testing" for countermeasures to such attacks, the community isn't buying it. Many see this as a blatant attempt at a 51% attack, where a single entity gains control of the majority of the network's computing power. With 51% control, an attacker could orphan blocks, reject transactions, and even force protocol changes.

This situation is a stark reminder: centralization, even if supposedly "benevolent," carries significant risk. The Monero community's swift response shows the true strength of decentralization. This is a critical moment for privacy coins, highlighting the ongoing battle for true autonomy in the crypto space.

IMPORTANT: If you hold any XMR, be SUPER CAREFUL! If Qubic takes control and REALLY starts messing with monero, it'll go to ZERO, so stay safe! #XMR #Monero #PrivacyCoins #PrivacyCoin #Privacy