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21 sats \ 3 replies \ @btcthinker 24 Feb \ on: What would happen if a entity owns 51% of the nodes? bitcoin
It doesn't make any sense, it's just nodes owned by an entity. That would not be group consensus. Many shitcoin nodes are built by the same entity on Amazon servers. Bitcoin has no shortage of nodes, doing so is just a waste of money.
Referring to other cryptocurrencies as shit coins just makes you look like a cult member man. You pick that up from Darth, the big bully? You only insult what you don't know and you hate on other cryptocurrencies that have innovated and adapted to do things better than bitcoin's blockchain. Your cult fails to realize Bitcoin isn't perfect and flawless and it's blockchain can and MUST improve and evolve. Why are you so opposed to looking at any other cryptocurrency's blockchain and admitting that it's more efficient and innovative? Why are you so against Bitcoin having competitors and competition in the market? I know, because you're afraid and you're scared of being wrong. Thats sad.
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Scam is not innovation.
Characteristics of shitcoins:
- There is no upper limit on coin issuance.
- The coin distribution is not fair and the creators retain a large amount of the coin.
- The newly generated coin is given to the holders of the old coin.
- Only specific entities can participate in the node.
- Decentralization is a good idea, and a decentralization I can control is a better innovation.
- Trust me bro.
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Except you're generalizing and calling other cryptocurrencies a scam (some of them are) because of the few bad apples once again shows your fear. You want Bitcoin to be/stay a monopoly because you're invested into it. Your self interest is causing too much bias and because of that you can't see the positive qualities of any other cryptocurrency even though their blockchains are more efficient, less expensive, and more inclusive. Which by the way, Satoshi wasn't advocating for a monopoly nor were they saying Bitcoin is only for certain people. Bitcoin was created for everyone. That was Satoshi's dream and Satoshi would be for evolving to make Bitcoin more inclusive for everyone.
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