This is Monero's second successful 51% attack.

Bitcoin has no 2nd best.

"What happened technically: An 18-block "reorg" (reorganization) hit the Monero network - meaning that 18 blocks the entire network believed to be valid and permanent were suddenly discarded and replaced by an alternative version of history. To put this in perspective, reorganizations of more than 2-3 blocks are extremely rare in established blockchain networks.

The financial outcome: 55 confirmed double spends (the same money spent twice) and 115 transactions completely invalidated. While we cannot know whether these were merchants, exchanges, or individuals transacting, this matters little in the face of real double spending scenarios - someone lost real money."

https://www.eddieoz.com/monero-under-attack-how-the-community-responds-to-selfish-mining-attacks/

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Discussion

Thanks for this.

Why does Luke say we don't get to 99% knots before v30, bitcoin dies?

We are now at 99.99% as the Core V30 is the very malicious version.

Although previous Core versions allow the witness spam which Core dev bad actors use as excuse for bigger OP_RETURN but when people realize that actially Core devs are acting in bad faith I guess things will start improving even further. Bitcoin will survive the inturnal attack from Core dev because its Node Runners who decide and we have a clean Bitcoin Knots Node opetion.

I'm excited to watch it unfold. And I am optimistic that one way or another, this idea will prevail. I just am unclear how it looks. I like your view.

There are sane people in Bitcoin. Nick Szabo, Samson Mow, Max Keiser, Michael Saylor, Mechanic, Luke, Matt Kratter, Giacomo Zucco and many many others.

There there is an army of sane Bitcoin Node runners who have skin in Bitcoin and who want Bitcoin to be Freedom Money to fix the world and not to be another shitcoin. And we know what shitcoin is. So we run Bitcoin Knots 🤙

Still makes sense to me. I wonder why Luke is so pessimistic. Or is he just being provocative?

Being a paranoid bitcoiner is a good thing IMO.

I'd sooner trust Luke than Max or Saylor.

I do trust him more so. I also like optimism. Maybe that is why he is saving bitcoin and I am talking nonsense online.

Ask him : )

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Do you really believe bitcoin is about to fail?