Thread

Well said. You, sir. Are one of the few BTC owners that is actually polite and respectful. Thank you.

All of what i said here is history, facts that happened my fren. I use whatever improve my freedoms and Monero is one tool i have on my side as i also have Bitcoin for now.. What i dont like to see is, seeing people shitting on tools that are good to prevent gov abuses, when this clown world establishment step up the level and KYC all on and off ramp of Bitcoin, "coin" every UTXO to an ID, and turning it unusable as freedom money i will be here sit, to see what maxis will use. Maybe they will use the eCash system, but the custodians of thay mints will only be all "owned/allowed" by state agents or they will be rugpull mints or both, and that is when the fun will begin.. There isn't one solution fits it all..

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.

The thing is Govs can do a 51% attack whenever they want, it would be easier today than ever to a state level attack, that is what everyone (expect NGU cultists) want to be protected from.. If monero implemented privacy and a P2Pool would not be a reason to monero exists.

I would argue most are polite and respectful, but they just keep to themselves more than the minority of rude loud mouths.

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.

Monerobros coping is fun to watch

They can pass laws to do almost everything they want, even keep your sats if you dont provide the KYC for example.. Switch to where? That is my question. Its not solid option because you dont have anywhere to scape, you dont have any decentralized pool, you will two options in this case, comply or shutdown the miner. As you said ASICS, are expensive machines to buy and to operate, what do you think owners of ASICS will do in this kind of environment? Comply or seel the hardware to who complies. I think you didnt saw the point yet, gov dont need to act in physical to do that attack, they only need to work out what kind of regulation they need to make to break you. They dont need to destroy bitcoin neither they want that, they only need to control it and id all UTXOs. The attack me and others are seeing is the system is taking over control of bitcoin, slowly but surely, what once upon a time was a tool to free people will be turned to a tool to enslave them..