💯, and why would they care? Most people live paycheck to paycheck. Most people have debt. That’s why Bitcoin adaption is so slow. Based on their time horizon, Bitcoin doesn’t help them. Certainly not unless it would quickly increase in purchasing power. And that relies on institutional investors, who are still trying to save the fiat system. And yes, the risk of failure is high. Between the sheeple and the tyrants, that covers 99.5% of the population. Maybe we need to wait for one of the institutions to blink and break rank?
“A far bigger risk to #bitcoin (than 51% attacks) is that the public using it won’t understand, won’t care, and won’t protect the decentralization properties that make it valuable over centralized alternatives in the first place… a risk we can see playing out constantly in the billion dollar market caps of totally centralized (blockchain) systems. The ability demonstrated by systems with fake decentralization to arbitrarily change the rules out from under users is far more concerning than the risk that an expensive attack could allow some theft in the case of overly-eager finalized transactions.”
Greg Maxwell, former nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n CTO
#worldcoin is one such system of “fake decentralization”
- don’t underestimate how dangerous ignorant people can be
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