in the recent weeks, discussions have taken place on various topics, which have shown the possible presence of an attack from a second network.
In this topic, I present to you what this attack is (in my opinion), against whom it is directed and how we can deal with it.
A Second network attack
This is an attack in which a third party launches a second Safe Network with the same code as ours but without the initially generated 15% safecoins for current investors.
This is an attack only against safecoin holders. It is not an attack on the core devs because they can get paid in any Safe network for improvements. It is not an attack on the apps devs because they can get paid in any Safe network for apps.
When can such an attack take place?
Such an attack is possible only in the initial startup of the network when the safecoin has not yet been added to the exchanges (centralized and decentralized) and has no access to market liquidity.
How exactly can it be done?
A third party will need sufficient resources to launch vaults at his own expense and users to upload content to it.
Resources - from this information we know that you need a relatively small resource to support millions of users.
Users - this third party can use 1-10% of the initially generated tokens and distribute them free of charge (with airdrop) to people who have money (etherium wallets with money in them) and so attract people to upload information for free.
Farmers - once they have information on the network, they can attract farmers to provide a resource on the network
What can we do?
The advantage that such third party has in front of us is that it can include its safecoin as an ERC20 token in the huge liquidity on the ethereum network before we can include Safecoin in exchanges and so increase its price to such an extent as to take our farmers.
We can combat this by being the first to include our Safecoin in this liquidity.
Friends, please comment only on the attack. Obviously, saying what is possible does not mean that you want it. If you do not focus on personal attacks, I will be infinitely grateful to you!