https://freedom-to-tinker.com/2013/11/07/bitcoin-isnt-so-broken-after-all/ nostr:note1ud28pujeczpp4xeqg0q57aemdeamhk6vnn0uz2l7px0vmguppqpqec4dlx
“ As a result, a coalition of ES-miners is not stable. In short, a coalition of ES-miners cannot form and will not survive.”
Not a thorough analysis…. This idea comes up a lot that somehow coalitions won’t form because people could break them and form other coalitions. 1) Actual coalitional game theory has notions of kernel and nucleus and stable set etc that take further horse trading into consideration 2) Empirically in the real world coalitions do form and tend to have cohesion, the real world is not zero viscosity
MicroStrategy owns 158425 Bitcoins.
The entire security subsidy for 2025 is 164250 Bitcoins.
So with #spiderchain can one set of orchestrators steal? And if they do, does that muck up the whole stack of LIFO pegged coins?
“Competition is for losers”
As soon as it becomes feasible miners will start to engage in anti competitive behavior.
1. Validate his concern with Saylor. He has had legal issues and there’s no reason anybody should be turning a blind eye or going full whataboutism to defend him just because he’s bullish. Ignore Saylor, he’s just a loud voice.
2. Bitcoin is a unique Schelling point, there’s 10000 smart Ivy dudes working on other projects that are competing but only one clear Schelling point.
Basically, Bitcoin nodes, then
We don’t need decentralized Amazon we need the absence of centralized behemoths like Amazon. nostr:note1kekg93s4qgm3atxu3qd3rxnj4msvsfgmfju8hlf3kca36wmrtf7sgteevt
Think for yourself and think critically.
Is it a conspiracy theory to suggest Mr Snowden is a simply a Russian asset trying to distract us from the fact that Elon Musk is unilaterally making decisions about which nations attack which nations? (Russia)
The real danger isn’t sprawling inefficient bureaucracy trying to minimizing impacts of a pandemic it’s with centi-billionaires who have no rules and answer to nobody, control the flow of speech and other information, and are free to partner with dictators across the globe. nostr:note148dfjsvr46wzkvmc2j9yzrle8amfnn4q5scph68he7cjshmlhwhq26l2wx
It could set up a path. One day, some miners are struggling so they decide to collude and mess around with a drivechain. Drivechain go south. A year or so later, the same miners are struggling, now they’ve already grooved the road to collusion. People often overestimate the speed at which miner collusion would destroy the value. It wouldn’t be overnight. Plenty of time to take their profits and go do something else.
Majority miners if they existed could not make such choices without nuking the entire L1. A problem with DC is It gives miners who might be willing to collude a little playground where they have fun doing reorgs and few sniping and other shenanigans without hurting the main chain.
The drivechain folks are promising people get whatever they want. Why not? Publicity stunt might pay off
Just the place where Ye holds his coin so he doesn’t have to remember his keys
If a miner included a Kanye Weat drivechain proposal in a block, would other miners ack it? It’s a legit question. What if Kanye bribed miners for two weeks ?
It’s 100% political among the miners. If there are situations in which it’s appropriate to steal a lockbox, the process will be controversial, hence political.
Just like the Wisconsin Republicans are hoping to impeach a judge they don’t like before even before hearing a case. Political nuclear options often become acceptable when they shouldn’t be.
Right. I’ve suggested the Kanye West is a good candidate. Well known, maybe paranoid to have other people keep his keys, maybe doesn’t trust himself to keep his keys … why not just trust hashrate escrow? No key hygiene required.
If Elon Musk is your idea of a sovereign individual, then our goal as a society should be to eradicate all sovereign individuals.
