
I was sad for a whole week when I heard the news they would give up on the project. They were true pioneers
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EditI was sad for a whole week when I heard the news they would give up on the project. They were true pioneers
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GM ๐ Defiance is the first step toward wisdom, though never without its price. A bittersweet toll whose memory fades with time. Yet choice and consequence remain forever entwined. Many long for an innocent world untouched by consequence, but it is only through hardship that we learn to rise above ourselves.
What do you mean by govs can do a 51% attack? You mean call up the big pool providers and order them to act malicious? Every miner part of the gov pool could instantly switch in that situation. I think Bitcoin's resistance to 51% attacks is extremely solid. Most important are economics of scale that you have to actually acquire physical Asics and can not start your attack from AWS or something similar. There is also a protection from the physical space where you can only put X amount of asics in your warehouse and not endlessly scale like in the shitcoinworld of "Proof of stake". From an incentive standpoint you would create a lot of dead capital if you successfully managed to destroy Bitcoin. The incentives are not aligned for you to spend trillions on buying machines just to throw them away the next day since asics can not be used for anything different. It is more profitable to try finding blocks with that hardware than go for the attack.
I am not dismissing the facts, much rather the way you presented them. I think it is quite irrelevant to say Bitcoin has not had 100% percent uptime when the outages were so far in the past when most other projects didn't even exist. Obviously other projects (and Bitcoin as well) would learn form these outages and be more resilient. Succesful 51% attack in the early days is true but the odds of it ever happening again is getting smaller and smaller with every passing day. 21M is social consensus and thus will not be circumvented by technical bugs. Even further a potential inflation bug in the bitcoin protocol is very easy to spot and fix while with Monero not so much. I get the reason why monero exists and I think the lack of privacy on the Bitcoin main layer is a huge flaw that needs to be addressed asap.
Come on brother, you can do better. I'm fine with you guys using Monero and won't shit on you for doing so. I am very certain that bitcoin will win the competition of ideas in the long run but that is why competition needs to be played out. Have fun with your Monero, it is the only "crypto" I can respect even though there is no second best. Let's not scratch each other's eyes out we are on the same mission.
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psyops poetry & psychedelics What if instead of searching for artificial general intelligence you were looking for natural general consciousness? Nostronaut since 778109