Users being what attracts miners.
If there is not a lot of interest in the coin from users and miners the network is vulnerable.
Well scale is important for PoS coins because you need LOTS of miners/hash rate to avoid a 51% attack by a private or government entity.
Funny we are talking about this now. I just learned about Goldbacks on Twitter. https://x.com/jimchoumobile/status/1820255679724048411?s=46&t=QyIsKeZkGWc6spSSxm2iKw which is as easy to understand if not easier than crypto with a little training. But yes, I like digital for the convenience and agree that L2s are a usability nightmare.
Nvm I see in your profile you are a Monero fan.
Seems like we agree so do you have a preferred privacy coin? Or do you think small denomination gold and ammo is the way to go?
While privacy coins are important I have a hard time believing they will ever be more popular than say VPNs are in China - used by a small minority. Governments will make them illegal so only hard core will use them. Therefore privacy coins need to be secure without large scale adoption. #xmr #zcash
Just like I suspect the pandemic movies were preparing people for the planned COVID lockdowns and associated increase in authoritarianism I fear that the movie about a coming civil war in the U.S. is likely preparing people for civil war that is planned for the U.S. with associated increase in authoritarianism.
How many Satoshis to a Bitcoin again?
Why don’t people add to it then? Are there moderators pushing back?
Are big sign up forms considered good UX? Is it just me that feel pain when filling them? nostr:nevent1qqsywu3966g74nhcgdt6yefjstjthz03v3ca48ttp4yh8jf7awnahxqprdmhxue69uhhyetvv9ujuam9wd6x2unwvf6xxtnrdakj79t2hpy
As a user, I like multi-step but I want to know it’s multi-step before I start and how far there is to go before and as I’m doing it.
#POET Wins “Best Optical AI Solution” in 2024 AI Breakthrough Awards Program #AI https://finance.yahoo.com/news/poet-wins-best-optical-ai-140500265.html
#PSA - If you are ever lost while hiking, get stranded with a broken down car, etc and you notice your cell phone is either low on juice or has no signal, here is a tip that very well may
save your life. Change the voicemail on your phone to a message that gives your approximate location, the time, the date, your situation (lost, out of gas, car broken down, injured, etc) and any special instructions such as you are staying with the car, you are walking toward a town, etc.... The best part of this is that even if your cell phone dies or stops working, voicemail still works, so anyone calling your phone looking for you will hear the message and know where
to find you or where to send help.
I’m quite enthusiastic about Silent payments for #BTC ease of use (just advertise a single wallet address) with improved privacy (creates transaction unique addresses under the hood) I hope more wallets add support (only 2 now) https://silentpayments.xyz
Live map of reachable Bitcoin nodes. #btc Very cool! #btc https://bitnodes.io/nodes/live-map/