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42 sats \ 1 reply \ @fiatbad 12h \ on: Should Bitcoiners Help Attack Monero? AskSN
I think a lot of the value proposition for Bitcoin comes from its ability to repel myriad attacks which no other blockchains would be able to repel.
This fact is completely lost on the altcoin communities who view Bitcoin as old tech.... "boomer coin". It's lost on them because their chains are never seriously attacked. Usually, market caps for them are too small, so the honey pot is too small to attract attackers.
They don't seem to understand that "it's the settlement assurances, stupid."
https://medium.com/@nic__carter/its-the-settlement-assurances-stupid-5dcd1c3f4e41
So, how do we get them to understand?
Simple. Attack everything. Like a white-hat hacker, or a pen-tester.... attack and subvert as much as possible.
People are putting too much emphasis on scalability (i.e. B-cashers), or privacy (Monero), and not enough emphasis on the settlement assurances!! Attacking the shit out of them is how we educate.
In the podcast they both agree that if they aren't able to mitigate this kind of attack then the project isn't worth saving. I've also seen some say that these attacks should make it stronger. If they all ran a miner the reorgs would likely stop.
The other thing that I forgot to mention is that their community is discussing what to do about this and some are talking about proof of stake or going back to asics.
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