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danton
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🇨🇭 Switzerland 🔐 Bitcoin ⛰️ Travel & Adventures 📸 Photography 🎸 Metal & Hard Rock 🎲 Board Games 🤓 Nerd

I live in Dietikon neighbor😜

Oh nice! I was 2021 weeks in Guatemala traveling.🤩🌋

Replying to Avatar gsovereignty

How to reply to a PoS shitcoiner:

PoS has been around for thousands of years, it's nothing new. Government money is proof of stake, as are company shares.

Egyptians, Romans, and Chinese were using this 2000+ years ago. Italian city states perfected it 800 years ago. Stake based systems are not new.

Using stake to solve the Byzantine General's Problem is also not new. Cypherpunks have been working on this shit since the late 80s.

The cypherpunks on the mailing list (that Satoshi sent the white paper to for peer review) are literally the people who created the *entire body cryptographic of work* used by proof of stake coins today (stake based byzantine fault tolerance). They are well aware of the fundamental limitations of stake based BFT because they are ones who came up with it in the first place...

If Bitcoin was proof of stake *you would never have heared of it* because it wouldn't have survived 5 minutes of peer review by any real cryptographers.

Time-based difficulty-adjusted PoW *is* the breakthrough and is the *only* reason you and anyone has ever heard of a "blockchain".

The failure modes of stake based BFT are well known, and it fails *every time* for a number of reasons, but if you are betting on a shitcoin to increase in value then the failure mode will probably involve the fact that stakeholders have an incentive to increase the supply to benefit from the cantillion effect.

Mathematical fact: you cannot deploy external capital to defend a system that is secured by internal history (stake). This is why stake based BFT does *not* secure against attack by a state or central bank, which means *anything* secured by PoS MUST comply with governments.

Bitcoin's value proposition is that Bitcoin let's you do things that bankers and governments *don't want you to do*. If bankers and governmensts can nuke your shitcoin, then you do what they say or they nuke it.

What's the value proposition beyond CBDCs if your shitcoin ultimately has to comply with governments and bankers?

You cannot out-stake a bad actor who has aquired sufficient stake to fuck with the system, your only option is to fork them out. Then it becomes a competition between charismatic personalities convincing the market to follow their authority (their fork) instead of the other guy.

So how do you solve the problem of removing a bad actor without requiring some form of authority? Read the Bitcoin white paper. Satoshi knew exactly how stake based systems fail, that's *exactly* why he used proof of work instead.

Great mate!🤜🏻

Replying to Avatar Satsniper

Dear all, GM & PV💜☕️

Yup I managed to double my followers in less than a month.. it was actually 2 weeks..🙄

I’ve been thinking about what npub1r0rs5q2gk0e3dk3nlc7gnu378ec6cnlenqp8a3cjhyzu6f8k5sgs4sq9ac said to me and posted before. “follower count is a disease”. Some how I do get his point:

Bcs in the end it’s not relevant which amount of people is following you. Rather have 10 loyal people follow you, than a bunch of random people just reposting for the promised 3K Sats.

I will admit I got a little bit enthusiastic when I reached 200 followers in such a short time, also it was a long time ago since I used any social media, I canceled all of the centralized crap 4 years ago.

So Nostr was the 1st time back on a ‘social media’ platform. And what an amazing experience it was! No bullshit, any gov propaganda, advertising or censoring ‘other opinions’.

Instead I found lots of shit posting, #zapathon #plebchain and memes, intriguing discussions, but most importantly lots of people working hard and developing the platform making the world a better place and building the future right in front of our eyes. Great initiatives seen from npub10pensatlcfwktnvjjw2dtem38n6rvw8g6fv73h84cuacxn4c28eqyfn34f and npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m and many more.

I also found a lot of people who are in to #philosophy #art #plants #prepping and #racing I share all those interests as well ! #grownostr

It’s been a good month in here and I feel at home💜🫂 been missing exactly this since the pandemic hit. I know maybe not all of you here feel the same way. But 2020 was a real turning point for me.

I’m happy to see we can sent value for value these days. Without any interference from law makers/ gov or a payment processor taking 10%. Interacting with the ⚡️lightning network like this is just an amazing experience and ⚡️enlightening for many.

The fight isn’t over, I think we just barely scratched the surface of what’s possible, and I don’t expect a smooth transformation either, from the old system into the new. It could take a long time.. but it’s worth the fight.

Bcs the old system is way overdue, it’s rotting away right under our #footstr. It’s a shame realy at so many points. I encounter many examples every day where you can see the FIAT decay staring you right in the face.

I would be terrified and hopelessly lost if it wasn’t for #bitcoin🙏 I’m very gratefull it crossed my path at the right moment. I’m also very gratefull to the community for convincing me back in 2018 with their solid belief in Bitcoin. They had willpower and conviction, the unbreakable backbone and they showed me the difference from the shitcoin casino’s. Thank you guys for waking me up🫂

So this is my way of giving back to the community. Enjoy zapping your Sats ⚡️ Spent them wisely. Or not. It’s all up to you.

Love,

Satsniper.

💜🫂⚡️🙏

Ps. It could take some time to hit all of you back. 😂

Wow these are remarkable words Bro!🤜🏻

PV🤙🏻

A very impressive site! Enjoy and PV🤙🏻

So get out your sats and #zap around!

#zapathon

I′m zapping here in a boring room

It's just another rainy friday afternoon🎶

Come on #plebchain 🎤

#zap

#zapathon

Sloth in Costa Rica!🤩 Pura Vida🤙🏻

#grownostr

#growstr

#nostravel

#costarica

#bitcoinjungle

In sound money we trust,

it′s #bitcoin or bust!

PV🤙🏻

#coffeechain #costarica #bitcoinjungle #nostravel

Lets start the #zapathon 🥳

GM🤘🏻 Have a good day🤙🏻

Gooood morning! Have a great day🤘🏻

☕️-Time #coffeechain