#Bitcoin miners could censor and manipulate transactions. Wouldn't it be possible to just buy 51% of the network?
⇒ NO!
Performing a 51% Attack on #BTC seems easy, but in practice it's not possible.
Here is why:
Tremendous amount of Resources needed
⇒ To successfully perform such an attack, you would need to control more than half of the total hashing power.
⇒ This would require a massive investment in mining hardware, electricity, and infrastructure, making the attack financially unfeasible.
⇒ Where do you even get all this hardware with massive shortages?
⇒ Additionally, during such an attack would the network grow even more. Thus, increasing the cost of such an attack more and more.
⇒ It's an uphill battle...
No gains = no incentive
⇒ Even if someone manages to do that, the difficulty adjustment doesn't work in your favor, and you needed to maintain the power over a longer period of time to really make an impact.
⇒ And all those resources would be for nothing, because all those mined #BTC would be worthless at that point.
⇒ So you have 0 gains and therefore 0 incentive to do such an attack.
⇒ The financial gain would be much bigger, if the miners simply play by the rules.
A 51% Attack on #Bitcoin is not only physically impossible, but also would bankrupt the player who performs it.
Proving that #Bitcoin is actually the only sound digital money on the planet!
Shitcoiner: These #BTC maxis are so toxic & dismissive of other projects.
Bitcoiner: We have this one opportunity in the history of humanity to free the world from systematic oppression. Fiat & Crypto incentivises corruption.
We aren't closed-minded. We are focused!
#BTC only
The true strength of us #Bitcoin -er is our low time preference.
⇒ We don't need those consumer goods to feel good.
⇒ We want real relationships and meaningful work.
⇒ The world is so beautiful if you free yourself from the fiat mindset!
There is now only one political direction: #Bitcoin
It does not matter if you are Right or Left.
-> Either free money or slave money!
Either complete sovereignty in the digital age or you will own nothing and 'be happy'
With #Bitcoin , it is possible to have a tremendously fast final global settlement layer.
Everyone can
⇒ participate in the network &
⇒ verify all transactions.
#BTC will become the new financial base layer of the entire world.
⇒ The sooner you realize that, the more you will benefit.
⇒ Tell your loved ones!
A #Bitcoin Standard leads to healthier economic growth.
⇒ No more cheap loans for bad business ideas
⇒ Government has to provide real value, and can't just print their power.
In a #BTC world, only real projects get real money!
The government in Weimar Germany just ignored the ever-increasing money supply when talking about the sky-high inflation, and instead used the media to push propaganda that the true cause of the rising prices was a war.
Why does this sound so freaking familiar?
Why do we #Bitcoin -ers don't care about short term price movements?
It actually impacts us in real life, if our purchasing power fluctuates in low 2-digit percentages.
But for every #BTC -er, one thing is clear:
⇒ Over the long term, every Asset will lose purchasing power against #Bitcoin . It's the only truly decentralized network.
⇒ Short term price movements are expected with such a disruptive technology. But you can bet your life on the predictability of Bitcoin's monetary policy. It's written in stone!
⇒ No other asset can give you such a high level of certainty. No one knows what the FED is going to do tomorrow, or if ETH is suddenly deciding to add more coins into the market.
#Bitcoin is the only certain Asset, in extremely uncertain times.