Me waking up to see Monero had a 51% attack. If you play with shitcoins, don’t be surprised when you get shit on.
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Damn! Some people will be a little more humble today in their comments.
I fully expect the Monero bros to rationalize this away and keep pushing it. Lol
They already are trying to rationalize and say it’s a good thing lol
I don’t get it. I guess that’s why I bitcoin.
Not at all surprised 🤣🤣
And I quote “it helps us know where the vulnerabilities are” 🤦♂️ ffs
Monero shitcoin getting rekt with successful 51% attack with double-spending. 🤡🤡🤡
Are the shitcoiners going to do another hard fork? ... hard fork after hard fork ...
Some of Monero's shitcoin hard forks ...
Monero shitcoin is going to 0 againts Bitcoin.
Lets see its price against the fiat shitcoin ...
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Monero shitcoin is going to 0 againts Bitcoin.
Lets see its price against the fiat shitcoin ...
Not defending the Monero bros shitcoin, but it’s important to recognise that the same thing is possible to happen to Bitcoin *today* as well. Most Bitcoiners simply don’t realise 51% attack is possible even without 51% of the hashrate. Foundry can do it. AntPool can do it. They just haven’t decided to go that route.
On one hand they have different incentives not to do it.
On the other hand is too expensive
And third its what Andreas said 10 years ago ... so not that easy with Bitcoin.
In addition, Andreas said the following 10 years ago
Andreas Antonopoulos - 51% Bitcoin Attack
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hi -- we were trying to zap you -- but it looks like you haven’t set up a NIP-05 or ⚡ lightning address yet — grab one free at 
.. then pls reply here and we will try zapping you...
Rizful: Lightning Services
Free Lightning vaults, and instant, disposable Lightning Nodes.
Damage control?
See, Freedom is a good thing. You are free to choose whichever shitcoin you like but then risk to get rekt.
Bitcoin has no 2nd best.
Corn, I see you made it to Bussin'&Buzzin' w/ @𝕾𝖊𝖗 𝕾𝖑𝖊𝖊𝖕𝖞
Yes sir! Best haircuts on nostr
Music to my eyes
A few thoughts on this in no particular order:
- pools don’t directly own/control their hardware and hash rate, so it would require prolonged collusion among their participating miners
- the cost would be prohibitively astronomical even if they somehow convinced their miners to participate
- the incentives just don’t line up at all
- it’s good/necessary to practice adversarial thinking, while also important to be mindful of reality when doing so
😂😂
Incentives change. Companies have incentives to protect their commercial interests, but they cave to governments to put backdoors in their software to spy on their customers. Large public miners/pools can be pressured into doing things that are against their interests. We see this playing out in real time. Also, Andreas was wrong 10 years ago, but he didn’t have the whole picture back then. Mining has become absurdly centralised since then.
And we have the means to decentralize mining.
I don't think Andras was wrong.
Solomining Bitcoin with Bitcoin Knots full node, Bitaxe Gamma and Datum Gateway on Ocean 🤙
Its an increadible awesomeness 🧡.
Helping decentralize and keep spam-free Bitcoin network with Bitcoin Knots, participating in the mining and being part of the fairest lottery where one can earn the hardest money on planet Earth.
Info how to setup Knots and Datum Gateway on Debian based OS are in Mechanic's and the team videos but the mining is set up as pooled mining.
In Matt's video he shows how to setup for solo mining Bitcoin.
DATUM Livestream Tutorials - Full Node Setup (Bitcoin Knots)
DATUM Livestream Tutorials - Enterprise DATUM Gateway Setup
How To Mine Bitcoin At Home
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This works in theory, but reality doesn’t back it up. Case in point: miners not redirecting hashrate despite clear forensic evidence that most of the smaller pools in the top 10 are just AntPool proxies - meaning a handful of people control what goes into 70% of mined blocks. On top of that, we’ve seen miners stick with pools even when those operators are actively attacking Bitcoin (spamming the chain and bloating the UTXO set). And if that wasn’t enough, we’ve got yet another example: miners refusing to switch pools even when they could earn 10–20% more in rewards, like with Ocean. In short, theory tells us one thing, but the actual behavior of miners (or should I say hashers?) keeps proving the opposite.
Clearly you’re the expert here. We should all just give up. Bitcoin is dead.
Yes, we have now, but Datum is a relatively new tool, Bitaxe too. Things are slowly improving imo, but we have miles to go. It’s good to stay humble and acknowledge that what is happening to the shitcoin bros could happen to us if we stay complacent. Their loss is not a win for us. It’s a cautionary tale.
That’s not what I’m saying.
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Too late bro. I already sold it all.
I lost mine in a boating accident.
🤝😂
Bitcoiners verify and all those things just show how Bitcoiners think ahead and take actions to try mitigate any risks. We have acked it long ago as a risk but we also need to be real about it. Monero hashrate has been 4.99 GH/s at the period of attack (I know they use CPUs ..). I run 1000GH/s on my Bitaxe Gamma. Bitcoin hashrate is 950 EH/s which of course has its cost.
Oh nooo
It's funny to see maxis hating on xmr. It's the only other coin I hold. Until bitcoin can figure out it's traceability issue, privacy coins are going to serve a purpose. Lightning network is not working as the maxis are claiming.
This adds a perspective on our conversation. I found it interesting (link is below the picture)
how do you trace transactions on the lightning network?
Can you show me the 51% attack?
Or do you usually just believe anything you read without easily confirming for yourself?
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