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21 sats \ 1 reply \ @standardcrypto OP 15h \ parent \ on: Mefo bills -- Hitler's yield farming stablecoin bitcoin
https://dynasty-auctions.com/en/items/soldier-be-warned-jew-an-antisemitic-poster-warning-nazi-soldiers-from-the-jews-2/
Those pesky jews, with their annoying uninflatable money. Damn them!
Stablecoins are government shitcoins.
It's ok. In the end the value in shitcoins always flows back to the mothership.
Good charts, bad analysis.
3 solutions are proposed, none are remotely realistic.
Here are some that I think are more realistic
-- Option 1) Bitcoin value goes down, if security budget seems threatened.
Better distribution, stronger hands. More users. More transactions.
Security budget no longer threateened.
Problem solved!
(Just need to avoid 51% attack, but I think even with much lower hashrate game theory still makes it pretty unlikely)
-- Option 2) Basically same as above, but skip the drama and just transition gradually to more transactions at higher valued bitcoin, so there's a smooth transition without there ever being a period where security budget seems potentially threatened
-- Option 3) reduce block size
(just food for thought.)
wonderful read. thanks @Scoresby.
breadcrumb:
https://www.youtube.com/watch?v=_gH4PvIni5E
around pelloponesian war section, some 55 minutes in