Damus
Vlad, Bitcoin Takeover Podcast profile picture
Vlad, Bitcoin Takeover Podcast
@Vlad
bitcoin is not a proof of stake system

yet you can effectively deter any significant improvement (privacy, scaling, contracts) by using the argument

“let’s not scare away these big institutional players, they might sell their bags!”

which makes bitcoin quite the opposite of proof of stake: because in proof of stake, coin holders vote for upgrades

but in bitcoin, large holders get to veto any significant upgrade by leveraging pleb greed for generational wealth

what a time to be alive, we’re getting bribed by the banking class to not disrupt their monopoly!
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fade2 · 3w
Interesting POV.
Kruw · 3w
Can't veto coinjoins unless you have 51% of the hasrate 😎