The real 51% attack is that the majority of people on earth will not understand how Bitcoin works forever and ever and ever and ever.
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(even if they think they do)
Now I'm not sure I do understand it.
I think it has something to do with all the probability math in the white paper. Am I on the right track?
There’s no end to the rabbit hole.
‘Understanding‘ never ends.
So true. That's why you need to stay humble. Nobody knows everything about #bitcoin. If you think you do, you need to hang out with more bitcoiners.
year 5
still don’t know shit🫡
I thought I knew everything at least 3 times now and I've been humbled every time I did.
Talk about a long ways to go!
However the good news is that Bitcoin works for you even if you don't understand it.
The real 51% attack is that the majority of people on earth will not understand how Bitcoin works forever and ever and ever and ever.
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Yea but the real equation is something like:
Number of people ( Wealth + Agency) ^ (1/retardation)
Bitcoin is a 2-to-3 innovation.
"How do you get **equal peers** to agree on a fact **by themselves**?
Bitcoin is humanity's 3rd option to the 2 ways we've always sidestepped the problem: warfare/competition, and trust/faith.
The bitcoin network is merely a proof of concept, and the bitcoin token is a happy accident, an implementation detail in the PoC. It just fucking works.
The implecation of solving that problem for the first time (in history at least, can't speak for ancient lost knowledge 😉)...makes the future look very interesting indeed!
and ever.
The real 51% attack is that the majority of people on earth will not understand how Bitcoin works forever and ever and ever and ever.
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same is true of tcp/ip yet here we are, using bitcoin and nostr built on top of it 🤷♂️
That's more of a 98% Attack!! 🤣
It is to be expected, in 4,000 years they have not understood gold.
No need to go to Bitcoin, any young person who from the age of 20 renounces fiat money and saves in gold when they retire will be a millionaire, this has always worked and instead they don't.
Why should they understand and accept Bitcoin if they have not done so with gold?
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Nigel Farage spoke at Vegas, the mainstream news channels clipped his speech on tik tok, the comments 🤦 95% are stuck in the scam ponzi nobody uses it mindset
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Are you basically saying more Bitcoin education is the answer?
This is a feature! Not a bug. 😶
… and will use it anyway
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most bitcoin influencers dont self custody lol
😂🤣 ridiculous
I know of bankers that don't understand how fiat works... And nobody understands how Einstein's general relativity allows GPS to work, but hey, if it's cool why not just use it🐸
I will never understand how this can be real.
Likely, the majority is ignorant on any topic. It's amazing that one can operate a democracy in this context.
The real danger is a long term, coordinated psyop against bitcoin
as i said
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5% is enough
The average person is not your level Gigi. They will never learn.
Nobody understand how TCP/IP works but they all use internet... Including me lol
Doesn’t matter—majorities have always been that way.
But sir, the Bitcoin conference cleared everything up. Mister JD Vance said I must vote Republican in perpetuity bc they really care about me and mi familia. I for one trust them bc Trump has proven to be an amazing free-speech warrior (unless it’s about an ongoing genocide) then you get deported, but totally otherwise all about fReEdoM!!!
For ever ever?
For ever ever!
yeah the median sats holdings per human in 2040 will still be 0
It still shocks me how quickly Antonopoulos understood it.
Indeed.
Bitcoin will go to zero.