Nostr Web Client

I read it and I enjoyed it in a similar manner as you. The light bulb moment for me was significant.

If I could critique your description of it, it would only be the final sentence. I’d implore you to differentiate between owning BTC and having access to hash rate. Then ask if hash rate could be attacked by physical means and if violence is therefore necessary to defend it.

I don’t try to understand why midwits do what they do. They don’t even understand why.

PDJ 10mo ago

Thank you for representing what this discourse could look like. I'm not able to learn from you if you don't mind helping me understand your critique more. Mind first clarifying which is the last sentence you're referring to I don't know if I'm making the connection from my last sentence saying Bitcoiners shouldn't have to be told to do the work.

Your point is heard on making sure to separate BTC from hash rate. Are you saying that the nature of mining is actually physical from physical miners so they could be theoretically physically attacked?

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Sovereign Beef 10mo ago

My mistake.

“…making sure you own as much hash rate as possible which requires no violence to defend.”

This is where I thought maybe he doesn’t understand the difference between owning BTC and having access to hash rate. It surprised me based on the rest of your post though, so I may have misinterpreted or the wording may have gotten past me.

As the network grows, one of the big issues is going to be gaining access to block space in order to actually get your transactions approved. If mining becomes overly centralized, hash rate could be weaponized by those in control of its majority and selective transactions could be denied or just sit in the mempool indefinitely.

I think this creates more of a blend between digital and physical power projection defense and thus could lead to an attack vector on the physical side.

I haven’t thought this through for long enough to consider any real solutions, but just long enough to identify the potential (likely) issue.