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The Counter Attack wins. BTC holders counter attack and win. STRATEGY #1: * Bitcoin mining is effectively Peer-to-Peer DB sync. * People who owned medium or
by seaourfreed 6y ago
The Counter Attack wins. BTC holders counter attack and win.
STRATEGY #1:
* Bitcoin mining is effectively Peer-to-Peer DB sync.
* People who owned medium or high amounts of BTC run software that broadcasts good chains vs attack chains. They cryptographically sign it with their addresses.
* BTC holders who support keeping bitcoin going, are running a small number of mining nodes.
* They keep rejecting attach chains. They keep accepting valid chains. By side channel peer-to-peer sync by BTC holders.
* BTC effectively is forked. Attack chain keeps attacking their trash chain. Legit chain keeps processing transactions and rejecting sync of attack chains.
STRATEGY #2:
* Ethereum is years into PoS. Effort doubles down to finish this in 2 months.
* BitcoinPoS is created. Starts with BTC chain balances, but uses PoS. Every bitcoin is now living on BitcoinPoS chain.
* Gov attacker wastes $$ creating attack chains in PoW when bitcoin continues in the PoS universe.
Gov wasted $10 billion on this. Politicians are voted out of office. Politicians realize robbing the American people is unacceptable. Bitcoin was created because of the Wall Street 2008 Mortgage Crisis theft. The citizens don't take kindly and respond...
- ttul 6y agoIf proof-of-stake is pushed to completion faster, everyone wins. The reason PoS hasn't yet launched is perhaps because PoW is the default and nobody has yet found a reason to stop doing it.