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It's a jab at Elon.

It's a jab at Elon.

(post is archived)

[–] 1 pt (edited )

Consensus coins are not "unhackable". All it takes is a majority of the miners to agree, and poof, the whole coin can be changed.

Right. And the chances of the majority of miners all agreeing to give some guy in venezuela free bitcoin is pretty low. Hence the requirement for "jacking off."

Edit: I just realised you're talking about forking, which is even less valid as an argument. By that metric gold is insecure because I could start a competing currency made from tinfoil.

[–] 0 pt

Or you know, green paper rectangles.

[–] 0 pt

Bit different given that the people behind those ordered everyone's gold be confiscated.

The majority of miners are ALL IN CHINA you literal retard. That means that they can be ordered by the CCP to do whatever the hell they say. Holy shit, quit drinking the kool aid the Bitcoin shills are selling.

[–] 1 pt

The majority of miners are ALL IN CHINA you literal retard. That means that they can be ordered by the CCP to do whatever the hell they say. Holy shit, quit drinking the kool aid the Bitcoin shills are selling.

Which would cause a lot of disruption for around a week before the network decided to start ignoring chinese nodes and all of those miners saw their investments go up in smoke.

Claims Bitcoin is secure.

Argument changes from "They CAN't change Bitcoin" to "Well they can, but they really don't want to do it and it wouldn't matter anyways"

Every.

Fucking.

Time.

Bitcoin being secure is a fucking myth.