🧵 Monero is under attack. Not through bugs or exploits. This is an economic attack. Through incentives. Through miners. They're not hacking your privacy — they're buying it. Here’s what’s happening and why it matters: 👇

1) Right now, Monero is being attacked by its largest mining pool Qubic. Their goal is to reach 51% of the hashrate. They’re not hiding it. They’re just offering better rewards and taking control.

2) Qubic is run by @c___f___b (Sergey Ivancheglo), co-founder of IOTA. He’s not breaking Monero. He’s creating conditions where miners voluntarily surrender the network. This is a new class of attack: economic.

3) How the Qubic attack works: 1️⃣ A miner connects to Qubic 2️⃣ Gets paid in $QUBIC, not XMR 3️⃣ Qubic sells the mined XMR 4️⃣ Buys & burns $QUBIC → pumps price 5️⃣ Miners see profits rise → more join 6️⃣ Qubic’s control grows It’s not malware. It’s incentives.

4) Why is this dangerous? – Qubic’s share of Monero’s hashrate is rising fast. – At 51%, it could: • Orphan blocks • Reject transactions • Delay confirmations • Suppress competition • Force protocol changes They already advise: “Require 13 confirmations for XMR txs.”

5) How much does it cost to buy Monero? – Monero’s daily security budget ≈ $130K – Offer miners a +10% premium → For just $7K–$10K/day, you can buy majority control 📉 Less than an ad on CoinDesk. 📈 Enough to compromise the most private chain in crypto.

6) Why is Monero vulnerable? – RandomX allows CPU mining – Miners are highly mobile – Block reward is fixed (0.6 XMR) – On-chain usage is modest (~30K tx/day) – Fees are low Strong crypto. Weak economy. The network is for sale.

7) Qubic says: “We don’t want to harm anyone.” But intent doesn’t matter. 🔒 Centralization = risk 🛑 Censorship potential = damage 💰 Incentives = new attack vector This is no longer about exploits. It’s about capital.

8) What is the community doing? ✅ Devs warned users ✅ Safety mode activated ✅ Advocating switch to P2Pool ✅ 13 confirmations now standard ✅ Hard fork options discussed ✅ Monitoring Qubic’s hashrate But most users don’t realize how serious this is.

9) Monero has entered a new era of attacks — not cryptographic, but economic and social. The network won’t be broken with code. It will be bought out through better offers. This is a war for attention, liquidity, and hashpower.

10) So what now? ✅ Use privacy wallets ✅ Avoid centralized mining pools ✅ Use P2Pool if possible ✅ Make sure exchanges enforce 13+ confirmations ✅ Share this thread — awareness is survival

11) Monero is one of the last privacy sanctuaries in crypto. But even it can be compromised — not by breaking encryption, but by bribing the incentives underneath. If Monero falls, the whole privacy stack becomes shaky.

12) This isn’t just a Monero story. It’s a warning to all PoW networks. Strong math isn’t enough. We need resilient, incentive-aligned infrastructure. Otherwise the next “attack” won’t look like one at all. Just a better deal.

13) The real lesson: Decentralization isn’t static it’s a constant economic battle. Privacy on paper means nothing if the base layer is controlled. Monero’s community now faces hard questions: – How to make honest mining more attractive? – How to incentivize hash distribution?

14) – How to defend against economic centralization? Because in this new era, your protocol is only as strong as the incentives behind it. The coming weeks will test whether privacy PoW chains are ready or just pretending to be.

@fluffypony Monero is under its biggest real-world stress test. This is when the community needs signal, not smug dismissal. If your early work mattered then so does this moment 😘