Life happening FOR us is a choice.
Become certain that even your most bitter challenges is a gift for the soul.
GM. Trees and Bitcoin FTW.
We don’t live in a simulation.
We live in a screenplay.
Ok, in good faith, here is my reasoning: Yes, I said doggie would be stopped if it was a "threat". And as another proof of work blockchain why is it less of a threat than bitcoin? The first thing that comes to mind is the difference between 800+ exahashes and 3 petahashes. Bitcoin, at this point, cannot be stopped regardless of who wishes it away and their potential resources. Game theory says any entity that could would better use those resources to play along and be rewarded for doing so.
At this point, in terms of hashrate, a single medium sized mining operation could easily just co-opt doggie coin chain and make up their own ledger. No one does that because 1. it would make it even more worthless and 2. there is no incentive to make it worthless because it poses no threat to any existing system of value. We know that is the case because when bitcoin was just a few petahashes, it COULD have been taken over just as easily but wasn't... and not because it wasn't a threat , rather because no one PERCEIVED it as a threat since it was first and new. Very few knew what they were looking at in that time.
However, since it was first we now know the potential of a secure decentralized ledger backed by proof of work to begin to upend institutional monetary systems. So if any other potential threat were to come along it would be squashed quickly because now many who care know, know what they are looking at. One can deduce thus that no one actually thinks doggie coin has legs to become a threat, not because they are unable to perceive it, but because they can perceive it clearly and still think its not.
To the point of an infinite supply. It doesn't bother me that doggie coin has chosen that, but it is a decision that is clearly economically unsound. A finite supply that cannot be manipulated is THE innovation in bitcoin. An infinite inflating supply is not something people would trend to as a proxy for their absolute finite time and energy. So it doesn't really attract new miners even because investing in a melting ice cube might help short term velocity of money, but does not provide a foundation for a stable money.
I could go on, and I think that suffices for my point of view. Consider it or not, that's as much energy as i've got for this thread. Be well.
It’s never what you do.
It’s how you do it.
Live a life with action that is borne of integrity, respect, reciprocity, service, and love.
Keep your soul intact for you and your kin. That kind of currency lasts for generations.
GM. Greet the sun today as if an old friend. Nod. Say hello. Acknowledge and thank Padre Sol for the gift of life and light. Gratitude is the attitude.
I have vowed that if I ever see one of these in public I’m going to accidentally knock it over while taking a photograph of something over there
GM. Magic is real.
I’ve got answers just fine.
My time for thumb typing nuanced topics reaches its limit quickly.
I’ve got people to tend to.
So here’s a thorough answer that says it better than I could: https://www.onceinaspecies.com/p/the-crypto-catch-22-why-bitcoin-only
And be well out there. Choose joy.
Best of luck to you mate. That question you ask at the top of your last post. If you sincerely go the journey of answering that question, you’ll find a valuable answer.
It's free open source software. Bitcoin proof of stake has been created and it went to zero because proof of stake is nonsensical and bullshit. Eth used to be POW and switched to POS at the command from on high. Hard forking Eth didnt stop people from continuing to run the POW chain, its just that king vitalik and eth foundation decided for everyone that the "official" chain was now POS.
So nothing is stopping doge from going POS other than that nobody actually gives a shit and likely wouldn't be bothered and so the miners of doge proof of work chain just keep chugging along... whats the max supply again?🤣 😂
So whatever you use must work better than anything else?
What was corndalorian talking about in this post then? nostr:nevent1qvzqqqqqqypzp78xcep59u0q2fyqvv8z0cgpdh8rtlp6v98xqs60aa92y5pn9r9fqy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qgwwaehxw309ahx7uewd3hkctcqypqy2u9u0efsxrrtv6r0n8jcw48pslqsezlc58688ved6e5cjm87v65f2v3
Not what I said. Sounds more like a projection.
Monero’s chain is 4.5 gigahashes. If it was worth anything it could be co-opted by a state for a pittance of resources. Doge ain’t much better. They’re not sufficiently secure to be an alternative monetary system that remains immutable through proof of work. It’s just physics.
Considering I already use it as the latter option via lightning, and it is an immutable secure base layer, I would say nope.
Bitcoin as a HODL investment means it does really well.
Bitcoin as transactional daily money means the entire world needs it for everything and it absolutely melts faces and ushers in a more beautiful world.
GM.
It’s when you don’t feel like doing the work, that the work has the most impact on your life.
This will be the case until we make contact with another civilization/intelligence that also made this leap in their journey to kardashev 1. What do you suppose happens then? The need for a money dissolves completely?
I agree, but this just looks like a meme sticker. Source?