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Another person already shared that link collection and it's just utterly garbage. Pls see my other answer regarding that page. Btw. I actually read now even mo
by Deritiod 4y ago
Another person already shared that link collection and it's just utterly garbage. Pls see my other answer regarding that page.
Btw. I actually read now even more articles from that page than before and they all ignore fundamental issues.
To you: did you actually read them?
And no I'm not advocating for a new PoS system. I advocate for our current existing PoS system. That system we currently have. The system which works across our planet, has been grown naturally, is still evolving and actually fixes a ton of issues which have not even be mentioned by Bitcoin bros.
Alone the fact that I can go to a bank with my passport and get money is not solved.
Not one person describes how Bitcoin makes everyone who invests in Bitcoin early rich and everyone else poorer is not mentioned.
Problems like 51% attacks get ignored.
Antidemocratic issues are ignored like sanctions (Russian oligars anyone?)
And I'm not advertising something. I'm only talking against Bitcoin because it's bullshit and it doesn't solve problems. We need to put every non sustainable resource we extract from our earth into renewable energy and not create an additional system which competes with this...
- sMarsIntruder 4y agoMan, I understand your point. For real. But the 51% attack I cannot say it’s impossible, but very close to it. You cannot attack the chain by just conquering the mining power. This is something very basic on how btc works. But you know, anyway..
- Deritiod 4y agoThe 51% problem was quite real a few years back due to the underlying motivation to be part of a mining pool. And it's not too far fetched that china might control a big mining pool if BTC would take off. And yes decentralization doesn't just fix the issue of regimes like china. It is more controllable than you would like to make it out. Especially with the great firewall.