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I both love it and hate it haha.. I think that at some level it's a nice dream to have, however I'm also totes fine if it is just a subset: Bitcoin works as a choice, this we know. If we find out it doesn't work as the only choice, then that's ok I think. Having a choice is the most important anyway; a choice to unshackle oneself.
But what if we are wrong and it’s a complete failure.
A zero day bug? I read bitcoin OpTech so many things are constantly being tweaked and fixed.
Like I was reading about block propagation times and a solution to stop miners from mining on stale blocks.
And I think damn what if someone finds a zero day then exploits it making individuals lose trust in the system. (Like this what I think core vs knots and Quantum is trying to do now)
Leading all of us in the west only to flip a switch and kill our confidence in the system. Maybe China or Russia would try to do such an attack
mining on stale blocks.
There was this attack earlier this year on Monero re: selfish mining. They say Doge is next so let's see, because that's mined with massive ASIC farms too and not with commodity compute. A really good canary. So let's see if that goes how the attacker has marketed that it will. If it does, it can be analyzed and solutions can be built, on time.
This is a known flaw, since forever. Just it got exploited for the first time this year, after 16 years. There are also known solutions - but these are hard forks.
Leading all of us in the west only to flip a switch and kill our confidence in the system
That's what all the politicians, bankers and other unsavory figures will do. Good riddance, imho.
Bitcoin will reprice the world. If doesn’t I guess all of us bitcoiners will HFSP