Everyone on the planet is planning to route around the US financial system. We shot ourselves in the foot over a trade war we lost.
I tend to think this was a malicious release. There was quite a bit of tension between the US and China when this virus emerged. I would not be surprised if the US released this virus in Wuhan during the War Games of…
Almost a decade and the echo chamber here is still missing the boat on the most revolutionary asset of the millennia. Bitcoin is a bullshit tester and it proves most people here know very little about practical applied…
This is a poor take, I addressed the false $300B channel claim elsewhere in the thread but was downvoted so my response is invisible. The HN echo chamber must stay intact at all costs I guess.
Difference is L2 BTC transactions are uncensorable, instant, and the BTC itself cannot be confiscated. >This is of course after you consider opening a single LN channel for every human on earth would take 75 years and…
Racists are so uncreative and unintelligent. Non-white students paying good money for an education should ask for this garbage to be removed. Anything that is racist and still celebrated is fair game. Locals and staff…
If it's a guaranteed malicious release, any student of history will tell you China is one of the least likely to carry out an attack like this. The US (Fort Detrick), Japan, UK, and Germany all rank higher on the list…
You can't say how efficient it is without calculating how layer 2 scaling affects per transaction energy usage. You can do millions of layer 2 transactions that eventually settle as 1 transaction on the main chain.
You can do 1+ million lightning network transactions that will settle as 1 transaction on the BTC blockchain, so ~$93/1,000,000? Sounds amazingly cheap for uncensorable transactions. ESG people are trying to solve…
We initiated a trade war with China a few years ago. The idea that this move was done "quietly" is a Reuter's joke.
African schoolgirls being kidnapped is very different than an apartheid state where the colonizers regularly oppress and murder the indigenous. In May 2021, when that tweet was posted, Palestinian homes were being…
At 27 mph over the speed limit, he should've been taken to jail.
Since Israelis and pro-zionists have a bad habit of calling every legitimate criticism and boycott of Israel "antisemitic", I and many others suspect these numbers of incidents are inflated due to willful…
Study anti-fragilty. This article is dead. It took me a long time to argue against it because I assumed you knew what "adaptability" of bitcoin meant in practice. It seems you didn't and will need to do a lot more…
They are not winning. The fiat standard is imploding as we speak, have you not recognized that yet? Any attack on a popular network exposes a larger audience to the fraud that central banks engage in. Hence, central…
Wrong, a 51% attack by itself will not take down Bitcoin. There is follow up work that I don't think they are competent enough to complete.
They are competing with Bitcoin whether they like it or not. CBDCs are a result of Bitcoin applying pressure to central banks. As long as the money offered by central banks is censorable and heavily debased, they will…
I have seen no evidence that central banks are as agile as you claim. Changing a number on a central database is not impressive and doesn't prove they can execute a much more technical attack on a well defended network.…
That is irrelevant because the main point is, the attack will be unsuccessful. People will pay a premium for a coin/payment network that defeated the Fed and proved its censorship resistance. How long can the fed fight…
All these coins are funded by the people that adopt them, funding is not an issue for projects that solve the issues Bitcoin does. These projects exist because there is demand for the solutions they offer, attacking any…
The network would be forked long before all of that could be setup. Millions of developers around the world working towards a goal generally move faster than governments.
Regardless of how much money can be printed, no government has enough resources to attack a perpetually moving and atomizing target. As long as governments debase the currency to carry out this attack, they are also…
If fed nodes run a different version of bitcoin that permits censorship, they will not be in control of the forked chain.
One more thing that's overlooked, the nodes control the Bitcoin network, not miners. In the face of a 51% attack, consensus would be reached that banning malicious miners is in the interest of the majority of node…
This will just fuel the rise of background mixing and decentralized exchanges. Many Bitcoin holders and devs will consider it an honor to make as much of the Bitcoin supply as "dirty" as possible and the community will…
Everyone on the planet is planning to route around the US financial system. We shot ourselves in the foot over a trade war we lost.
I tend to think this was a malicious release. There was quite a bit of tension between the US and China when this virus emerged. I would not be surprised if the US released this virus in Wuhan during the War Games of…
Almost a decade and the echo chamber here is still missing the boat on the most revolutionary asset of the millennia. Bitcoin is a bullshit tester and it proves most people here know very little about practical applied…
This is a poor take, I addressed the false $300B channel claim elsewhere in the thread but was downvoted so my response is invisible. The HN echo chamber must stay intact at all costs I guess.
Difference is L2 BTC transactions are uncensorable, instant, and the BTC itself cannot be confiscated. >This is of course after you consider opening a single LN channel for every human on earth would take 75 years and…
Racists are so uncreative and unintelligent. Non-white students paying good money for an education should ask for this garbage to be removed. Anything that is racist and still celebrated is fair game. Locals and staff…
If it's a guaranteed malicious release, any student of history will tell you China is one of the least likely to carry out an attack like this. The US (Fort Detrick), Japan, UK, and Germany all rank higher on the list…
You can't say how efficient it is without calculating how layer 2 scaling affects per transaction energy usage. You can do millions of layer 2 transactions that eventually settle as 1 transaction on the main chain.
You can do 1+ million lightning network transactions that will settle as 1 transaction on the BTC blockchain, so ~$93/1,000,000? Sounds amazingly cheap for uncensorable transactions. ESG people are trying to solve…
We initiated a trade war with China a few years ago. The idea that this move was done "quietly" is a Reuter's joke.
African schoolgirls being kidnapped is very different than an apartheid state where the colonizers regularly oppress and murder the indigenous. In May 2021, when that tweet was posted, Palestinian homes were being…
At 27 mph over the speed limit, he should've been taken to jail.
Since Israelis and pro-zionists have a bad habit of calling every legitimate criticism and boycott of Israel "antisemitic", I and many others suspect these numbers of incidents are inflated due to willful…
Study anti-fragilty. This article is dead. It took me a long time to argue against it because I assumed you knew what "adaptability" of bitcoin meant in practice. It seems you didn't and will need to do a lot more…
They are not winning. The fiat standard is imploding as we speak, have you not recognized that yet? Any attack on a popular network exposes a larger audience to the fraud that central banks engage in. Hence, central…
Wrong, a 51% attack by itself will not take down Bitcoin. There is follow up work that I don't think they are competent enough to complete.
They are competing with Bitcoin whether they like it or not. CBDCs are a result of Bitcoin applying pressure to central banks. As long as the money offered by central banks is censorable and heavily debased, they will…
I have seen no evidence that central banks are as agile as you claim. Changing a number on a central database is not impressive and doesn't prove they can execute a much more technical attack on a well defended network.…
That is irrelevant because the main point is, the attack will be unsuccessful. People will pay a premium for a coin/payment network that defeated the Fed and proved its censorship resistance. How long can the fed fight…
All these coins are funded by the people that adopt them, funding is not an issue for projects that solve the issues Bitcoin does. These projects exist because there is demand for the solutions they offer, attacking any…
The network would be forked long before all of that could be setup. Millions of developers around the world working towards a goal generally move faster than governments.
Regardless of how much money can be printed, no government has enough resources to attack a perpetually moving and atomizing target. As long as governments debase the currency to carry out this attack, they are also…
If fed nodes run a different version of bitcoin that permits censorship, they will not be in control of the forked chain.
One more thing that's overlooked, the nodes control the Bitcoin network, not miners. In the face of a 51% attack, consensus would be reached that banning malicious miners is in the interest of the majority of node…
This will just fuel the rise of background mixing and decentralized exchanges. Many Bitcoin holders and devs will consider it an honor to make as much of the Bitcoin supply as "dirty" as possible and the community will…