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0 sats \ 3 replies \ @CruncherDefi 10 Jan \ parent \ on: 🔥 🔥 Over 1 BTC irrevocably burned on the Spaces Protocol 🔥 🔥 bitcoin
No. Every device and webbrowser are going to have built in resolver and everyone is going to use it. It is really that simple.
See what I did? Arbitrary unchecked claims are hardly arguments. We need to wait and see.
Bitcoin is REUSABLE proof of work. Here we are just finding more USES for the POW in bitcoin network.
The fact that monetary usecase is the first usecase is just a requirement for self-bootstrapping of the protocol. Once it is bootstrapped its POW is much more general concept that can be applied to other use-cases requiring decentralization.
It's not arbitrary. Control over domains is distributed by using POW. Similarly physical control over territories in physical world is distributed also by POW (but in a form of tanks and missiles). It works in bitcoin. It works for physical territories. It also work for names.
Same logic can be applied to bitcoin and its POW. "Any monetary system where arbitrary user (miner) can decide what transactions are going through is fundamentaly untrustworthy and will never be adopted". And yet you don't seem to have a problem with the same thing in a bitcoin.
It is gonna happen and you being confidently wrong about it not gonna change anything.
I have a policy that I don't engage for more than 3 replies (as a strategy of not wasting my time too much). So from my side it's a EOT. Hope you got something useful out of it!
I wish you luck with your predictions.
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Some people didn't learned from NMC failure...
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I’ve published my essay on the matter on SN, would appreciate your boost:
#845875
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