Bitcoin hash rate has 1000x’d since then 😂
Discussion
Mining pools 1000x since then too 😂
No pool is going to kill itself by attempting a 51 but stay retarded I don’t care
Oh ok then nothing to worry about with Monero 51 pool 👍
How much is a monero block reward worth today?😂😂
You choose to live with your money always vulnerable to attack and manipulation. Sounds terrible. I’ll stick with the strongest network.
You choose to live with a completely surveillable blockchain and ability for miners to censor specific transactions.
How is that for attack and manipulation 👀
Tell me which Bitcoin UTXOs I control. Then stop me from using them. If you can’t do that then your claim is bogus.
Blocks are hashed by a large number of unknown global players at random. There is no reliable way to censor txs in this scheme.
You're confusing anonymity with privacy. Your identity can be temporarily unknown while your transactions are visible (which makes them unique and weakens your anonymity over time)
Just because I'm not interested and/or able to do it doesn't mean more nefarious actors like governments, criminals, and chain analysis aren't interested and able.
It's not random, it's probabilistic, and only a few major pools have most of the hashrate so get most blocks. They can do it for any reason or be pressured by government to make white lists, exclude your transactions because they saw you go into or out of a coinjoin, because you sent or received money from an address or transaction type they don't like. Knots miners already censor transactions without government involvment.
That doesn't mean it will necessarily be stopped, maybe it would eventually get through if a black market miner got a block every once in awhile, but would undoutedly place a massive burden in time and fees for you to get it through. Would only make economic sense for you to send if it was a very large transaction. If it was private they would have to censor all transactions to stop yours which would be far less realistic because of the massive fee pressure that would be placed on miners from all those transctions.
I never mentioned privacy once so there’s no confusion. But I know that you nor anyone else knows what UTXOs I control.
I can transact freely. Nobody, no government, institution or mining pool, can stop me. Fuck you money.
If a pool started to censor certain UTXOs hash would be pulled en mass and that pool would fail. Hash is extremely easy to move and information travels at the speed of light. Game theory is real.
Monero enjoyers operate in a fearful state where they see visions of a scary future that perfectly suits their shitcoin and ignores critical vulnerabilities to the monero network at the same time. It’s anxious and delusional behavior. Very fake and gay.
You're in the wrong place then. Bitcoin was built in an adversarially-minded way. It's what made it so revolutionary in the first place. Don't trust, verify.
If you're naive enough not to continue in that spirit and engineer for worse case scenario just use fiat.
Nothing to do with the discussion. But moving the goal posts is all you have left. You’re NGMI
"Monero enjoyers operate in a fearful state where they see visions of a scary future..."
I'm right on target with the discussion. If your enemy is the state, like Bitcoin is, privacy and anonymity is a crucial piece of that. Ignoring that is hoping for best case scenario.
Thinking adversarially is much different than pretending everyone who uses bitcoin will be discovered by the state and arrested. That’s an anxious delusional that will never play out.
But for someone who is anxious and delusional (you) you also choose to ignore the fact that monero can rendered useless by 51% attacks at any time. Monero is never safe from the machinations of intelligence agencies or large institutions. So while it may be better at keeping tx anon it’s MUCH worse than bitcoin overall from a security and longevity standpoint.
"Thinking adversarially is much different than pretending everyone who uses a bank account will be censored or frozen. That’s an anxious delusional that will never play out."
Probably also what someone told Satoshi about Bitcoin at some point
Apparently someone hasn't heard of the Samourai, Roman Sterlingov, and Tornado Cash trials going on right now. They don't want you to have privacy bro, that's for a reason that isn't difficult to figure out, it's too late in the game already for you not to understand this.
Youre right a private Bitcoin would be more censorship-resistant than both Bitcoin and Monero.
Great. It's more difficult for the Bitcoin the network to be 51% attacked, but goons with guns can kick down the doors of individual users and coerce them into relinquishing their keys just like the Canadian truckers and BTCSessions friend.
One dev is being made an example of. There are millions of Bitcoin user’s in the U.S. alone. The state literally doesn’t have the resources to investigate, prosecute and jail even 1% of people who use Bitcoin, even if they wanted to.
When a person genuinely considers fictional scenarios that are impossible that is a delusion. You are being delusional.
Also, quotes are for something that was actually written or said. When you quote something that wasn’t said that becomes a straw man fallacy. Low iq behavior.
You’ve failed miserably at making coherent and sound arguments. Mostly just fallacious garbage and anxious delusions. I’ve wasted enough time here and won’t reply to any more of your midwittery.
You know someone is losing an argument when they resort to constant name-calling and labeling without addressing the core issues.
>"The state literally doesn’t have the resources to investigate, prosecute and jail even 1% of people who use Bitcoin, even if they wanted to."
Ah, so you clearly already understand the concept of making things more difficult to achieve (doesn't require perfection). Take that concept to it's logical conclusion with privacy. You aren't being intellectually honest.
You are delusional. It’s not name calling, it’s labeling you accurately.
Alright you're a dumbass. Just labeling you accurately bro.
Here are a few more "delusional" people
Lmao name calling!? You must be losing this argument.
I never said Bitcoin’s anonymity features couldn’t be improved. There have already been large improvements in this area since the days of Hal’s tweet, more to come.
Hope you can figure out how to overcome your delusional thought patterns and live in better alignment with reality. Being a scared and delusional man is a sorry place to exist. Best of luck.
A wise man once told me "It’s not name calling, it’s labeling you accurately."
>"There have already been large improvements in this area since the days of Hal’s tweet, more to come."
Lol. Lmao even.
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Also you didn’t answer my question about the value of a monero block reward. Please, enlighten me.
The surplus value of a hashed block IS the incentive for a pool not to 51% attack.
As far as I can tell monero blocks have zero surplus value. Thus there no incentive for bad actors to continue to attack and reorg the chain.
There is tremendous surplus value in successfully hashed bitcoin blocks and thus there is tremendous economic incentive for pools to continue to hash honestly.