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50 sats \ 1 reply \ @om 16 Dec 2022 \ parent \ on: Milton Friedman & undeniable beauty of proof of future spiral of death Q.E.D. bitcoin
Stakeholders (passive users) will have Friedman's free lunches on cost of active users.
Not so. Hodlers' money can't be moved without their signature even in the case of a 51% attack. The miners protect the active users, therefore it's fitting that they should pay for it.
Anyway, such pathological system definitely is not a part of Satoshi's vision. That's painly clear.
Check out "The Book of Satoshi", chapter 5 "The 51% attack", verse... umm... verses are not numbered yet: "Even if a bad guy does overpower the network, it's not like he's instantly rich. All he can accomplish is to take back money he himself spent, like bouncing a check." ... etc
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0 sats \ 0 replies \ @jk_14 OP 16 Dec 2022
just a side note, if you were right, that there is no pathology in what I higlighted above - there wouldn't be such quite funny memes in existence:
https://i.redd.it/438h3b6hif221.jpg
free riders in its finest ;)
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