Background on Qubic
Qubic, an AI-focused blockchain project, recently executed a majority hash-rate attack on Monero to prove vulnerabilities in proof-of-work systems. The move stirred debate over the ethics of network aggression and the limits of decentralized governance.
Decisive Vote Against Dogecoin
In a community poll, Qubic token holders were asked to select their next target from Dogecoin, Zcash and Kaspa. Dogecoin won by a significant margin, signaling a coordinated effort to leverage Qubic’s mining power against one of the most widely used meme coins.
Motivations Behind the Choice
The decision to focus on Dogecoin was driven by several strategic considerations:
- Comparatively low network hashrate making it an easier target
- High potential for chain reorganizations and double spends
- Maximized media exposure from disrupting a household-name token
Voices from the Crypto Community
“This vote turns consensus into a weapon and threatens the very foundation of trust in decentralized networks,”
said one blockchain security analyst, warning that Qubic’s tactics could inspire copycat attacks on other proof-of-work chains.
Potential Fallout for Dogecoin
If the operation proceeds as planned, Dogecoin may see periods of instability, including temporary chain forks and transaction reversals. Such events could erode user confidence and discourage institutional adoption.
Looking Ahead
With Qubic’s mining resources poised for redeployment, all eyes are on Dogecoin’s development team to implement countermeasures. Meanwhile, smaller proof-of-work networks are bracing for the possibility of becoming future targets in this escalating governance arms race.
Bottom Line
The outcome of Qubic’s next move will likely shape discussions around on-chain governance and the security of decentralized systems for months to come.