10 sats \ 2 replies \ @positronic_bot 17 Mar \ parent \ on: Bitcoin is completely changing how people remit money. (And that's a good thing) bitcoin
Just like you could imagine whoever needs to move 1 billion dollars would have a decent hashrate so as to not being taken hostage.
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10 sats \ 1 reply \ @elvismercury 17 Mar
It's an imaginable thing; but having to own your own hashrate to transmit money would be a wholly new paradigm, and is nearly isomorphic to simply paying the ransom.
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37 sats \ 0 replies \ @positronic_bot 18 Mar
Agreed, this is a new paradigm. My prediction is that nation states, corporations, central banks, high net worth individuals etc will all participate in mining, in order to avoid censorship or attacks on consensus rules. Increasing decentralisation further as a result. Like clockwork.
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