Damus
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Raison d'État · 1w
Truth. And Bitcoin was also small enough for a govt to 51% overnight, until about 2014. Monero is in a similar situation now to BTC in 2013. Longer term, ASIC-dependence puts the BTC ecosystem at ...
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gsovereignty @gsovereignty
A State can always develop more powerful hardware to hash Monero if they're motivated to kill it, it's just not profitable.

They can't do the same for bitcoin because asics are a result of an arms race and the State can't do any better than the market.
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Raison d'État · 1w
Governments don't need to build better ASICs than the market, they only need to control /who/ can buy new ones. Something entirely within the power of the Chinese government right now, with only modest reputational costs (costs they're happy to pay in other contexts - see rare earth exports). They...