The Us govt spends more than that on Coke
Thatâs not the danger, as I understand it, of a 51% attack. The danger is an entity (government/ hackers etc) seizing the hashpower of those 50 miners (which is getting even more centralised over time) and then forcing a change to the base layer.
Itâs 50 entities, a lot operating under the laws of one jurisdiction. There are 100 times more fiat banks in the USA than thatâŠ
I think bitcoin is great but giving it religious reverence does no one any favours
Sure. How would governments survive if we only used bitcoin? How would they raise tax revenue? What about power/ internet outages that shut down wallets? What if the bitcoin baselayer was hacked? How will miners survive after all coins are mined? What if the US govt seized 51% hashing power from large US based miners and did a 51% attack? If govts just made bitcoin illegal and retroactively capital gains taxed citizens
Please, call me out. Thatâs how we learn. This is my entire point
If saying that bitcoin has problems and fanboying it is bad is hate then it really is doomed.
The toxic and hateful users from Twitter have landed!
Almost all of his replies/posts are negativity. Not sure how a human who spreads nothing but anger and hate expects to have any positive outcome in life. đ
nostr:npub1u5fj04neepfv6udyrsl0rs3ftea650xk5g8gjqcjgvw0ulsm7assgkzvgh
#plebchain #grownostr
Calls me out for making rude assumptions> calls me toxic and makes rude assumptions
Thanks for the advice. Youâll get more followers if you learn proper grammar: âAlways remember , there's more then one wayâ > should be thereâs more âthanâ one way
Maybe you can convert to a cigarette standard in there.
Iâm not so sure. Everyone on here is so sold on bitcoin, like it has no issues and will resolve everything. These kind of people wonât make it stronger, they just look like fanatics and scare people away.
If you chose to spend all your money on bitcoin you wonât have fiat to pay tax and will end up in jail.
