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I think this is the most open minded subreddit, so let me ask my question here. Why we should insist on proof of work when we have proof of stake?
reddit.com/r/btc | 2021-04-08
PoW is better to resist censorship. In PoW systems, if someone is censoring your chain (e.g. miners coopted by governements), you can bring more hash power to overpower them and mine the censored transactions. In PoS it's game over.
reddit.com/r/Bitcoin | 2021-04-06
Lol no. Overcoming censorship is not possible in a PoS system, as the censor has acquired majority stake and cannot be unseated. As such PoS systems are not censorship-resistant
Imagine being a Bitcoin Cash Maximalist 😂😂😂
reddit.com/r/AltStreetBets | 2021-03-24
Your reasoning is what enable Bitcoin to be captured. If you define Bitcoin as a set of principles described in the white paper, you do not have this problem any more. BTC is Bitcoin, BCH is Bitcoin too. BTC is the main one and that's why we call simply call it Bitcoin, but it is only a version of Bitcoin. There is no "real" Bitcoin.
bitusher's dense and concise criticism of Monero
reddit.com/r/Monero | 2021-03-23
3a) Imhv, the most important aspect in this debate is that Monero cannot be censored while BTC could be censored. What happens then? Here is where the argument gets interesting. BTC was created for some reasons, one of the most important being able to resist government control. This has been referred to as "Axiom of (state) Resistance". Instead of crypto-tribalism just point new-comers to DYR, and provide something worth reading.
Can someone explain Hashgraph's inferiority to me?
reddit.com/r/CryptoTechnology | 2021-03-20
jurisdictional arbitrage fallacy. https://github.com/libbitcoin/libbitcoin-system/wiki/Jurisdictional-Arbitrage-Fallacy
Every $1 of BTC value responsible for $0.49 in health and climate damages in US
news.ycombinator.com | 2021-03-04
Convince me otherwise
reddit.com/r/Bitcoin | 2021-02-15
Some people even argue that bitcoin was designed to be a "black market money" and I tend to agree: https://github.com/libbitcoin/libbitcoin-system/wiki/Other-Means-Principle
It's time for Andreas M. Antonopoulos to go back on Joe Rogan
reddit.com/r/Bitcoin | 2021-02-12
and a bit of Eric Voskuil (his cryptoeconomics wiki is underrated)
Tesla buys $1.5B BTC, may accept payments in future
news.ycombinator.com | 2021-02-08
Eric Voskuil writes about the "energy" argument. All moneys can be compared on energy level, and it is important to note not to look at energy solely, but also labor, land, services, energy, hardware, and other resources needed to keep a system running. If you are comparing the coin to fiat, take into account the military industrial complex, the cost of physical bank branches, physical issue, the cost of seignorage on the money holder (i.e. gain of energy for those close to the printing press vs. loss of energy for existing holders).
If you rationally examine, the money holder will select the money with the least energy waste. All moneys not held imply a higher amount of energy inefficiency. This is why one may hold the USD, as opposed to the Turkish Lira. This is why one may hold btc, as opposed to the USD.
If you want to investigate a bit more in depth, cryptoeconomics Proof of Work fallacy is a great resource by Eric Voskuil.
Just wanted to share I bought my first crypto. Ethereum
reddit.com/r/CryptoCurrency | 2021-02-05
Wieso glauben die Leute an Bitcoin?
reddit.com/r/Finanzen | 2021-02-04
sie z.b. die semi-kanonische shitcoin-definition: https://github.com/libbitcoin/libbitcoin-system/wiki/Shitcoin-Definition (empfehlenswert, das ganze wiki mal durchzubrausen, um über das threat modelling zu lernen)reddit.com/r/Finanzen | 2021-02-04
Daily Discussion - February 4, 2021 (GMT+0)
reddit.com/r/CryptoCurrency | 2021-02-04
Overcoming censorship is not possible in a PoS system, as the censor has acquired majority stake and cannot be unseated.
I don't think bitcoin could be successful as it is currently designed. But, could a better crypto leach off it without much effort?
reddit.com/r/Bitcoin | 2021-02-04
see also "shitcoin definition": https://github.com/libbitcoin/libbitcoin-system/wiki/Shitcoin-Definition
It’s so damn good to see bitcoin cash start to fall out of the top ten
reddit.com/r/CryptoCurrency | 2021-02-03