Jordan S on nostr

Open in Damus

gsovereignty · 3d

Yes I've been involved in Monero since before Monero existed (the cryptonote/bytecoin days). The hash algorithm and trivial amount of energy required to destroy Monero is exactly why governments are...

Jordan 🫪 @Jordan S 1783403173

That’s the tradeoff of sticking to Satoshi’s original vision, & making mining more accessible to regular people.

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Raison d'État · 3d

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 the mercy of whoever controls the foundries that make the ASICs, or the ports through which they rea...

gsovereignty · 3d

The problem is that it's not possible to keep it accessible and also secure against a state actor at the same time. The market needs to outhash the State, so you want the market to have the absolute most efficient hardware possible so that the State can't develop anything better.