In 60 years we will old or dead. A good family will be more valuable by then.
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In 60 years we will old or dead. A good family will be more valuable by then.
You are partially right, privacy is important. How important? Run some numbers: Fast payments = Visa and Mastercard are worth US$1 trillion. Privacy = Monero and Defi is about another trillion. Savings = Gold, Real estate, Stock market, monetary funds… around US$900 trillion. Savings is a x900 bigger problem than privacy and fast payments right now.
Plot twist: they already knew this and they set the proper environment to trigger it.
Cash already provides privacy and is still worthless when used in big enough time scales. Privacy (while necessary) is not the main problem Bitcoin solves.
In a weird way inflation is our fault because we spend more than the world produces.
This attack was a demonstration performed by a “good actor”, they didn’t intend to double spend. You are right, these attacks resemble a DDOS , they are less dramatic than expected but they still destroy confidence in the resilience of the network. If Monero ever becomes an important monetary system these attacks will be real and more common.
Church and private. Government shouldn’t take care of widows, the risk they miss use the money is too high.
So much hate for ICE. I got stopped a few months back by them while driving in south Texas. The interaction went like this: • Good night, are you a US citizen? • No. • Do you have a visa? • Yes. • Do you have it with you? • Yes. (I handed over my visa and I-94) • What kind of visa is this? • Investor. • OK, have a good drive. Done deal.
No welfare period imo. Welfare is the starter pack for socialism.
Agree, the problem is for how long can the attacker sustain a “longer” branch. 1 hour of desync is accounted in the design, a full week is no bueno. Then at 51% their branch will accumulate more PoW over long periods of time.