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1. "Quadratic voting" Not all web3 apps will use this, in fact most will run away from any kind of voting system, so moot point. 2. "on a handful of very-expe
by danlugo92 5y ago
1. "Quadratic voting"
Not all web3 apps will use this, in fact most will run away from any kind of voting system, so moot point.
2. "on a handful of very-expensive-to-run nodes hosted on Amazon Web Services and maintained by insiders."
Use Bitcoin, with lightning, runs in your Raspberry.
3. I don't even get the point he's making.
4. Ethereum themselves suffered a leak that drained their cryptowallet of $55M.
Again, use Bitcoin, don't use centralized hackable shitcoins.
5. "These attacks happen at least a few times a year. Some famous events are Bitcoin Gold in 2020, Etherium Classic in 2019, and Verge in 2018."
And again, the answer is use Bitcoin.
"Any entity (or group of entities combined) that control 51% of the hash rate have the collective power to control the network,"
So you want to buy 51% of bitcoin's mining capacity? You absolutely can, it would only cost you billions, well within the reach of any tech magnate or nation state. But the more you pour into it, the more profitable the mining becomes, thus other miners get more BTC, that they can in turn transform into USD to buy more mining equipment.
6. Artificial scarcity.
I don't even follow.
7. Early adopters etc.
And again, the answer is to use Bitcoin, not preminted centralized shitcoins.