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Joined 2 months ago
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Cake day: April 14th, 2025

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  • SparroHawc@lemm.eetomemes@lemmy.worldBenefit of the hindsight
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    5 days ago

    it’s the parties with the majority of the “proof of XYZ” creation hardware. Which are not normal people.

    Originally the idea was that it WOULD be normal people using their own CPU cycle time to secure the chain and mint new blocks. Even then, as long as no one party holds the majority of hash power, the incentive is to support the security of the coin rather than subvert it. The moment that changes is the moment that Bitcoin dies, because no one will be able to trust it any more - which also means there is an incentive to make sure there are enough competing BTC farms.

    there’s the possibility of developers of a blockchain choosing to rewrite the ledger, causing splits.

    The blockchain is upheld by the combination of the developers and the miners. If the developers aren’t acting in good faith and the miners don’t like it, they don’t move to the new chain. Sure, you get a split, but odds are one of them is going to die.


  • SparroHawc@lemm.eetomemes@lemmy.worldCruelty
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    17 days ago

    Have you fought a goose before? Clearly not considering how you’re mouthing off.

    People know to steer clear of Canadian geese for good reason. They’re known to break people’s bones with their wings when they decide you need to be punished. The weight/strength ratio is vastly different for birds than it is for mammals. Birds have to fly, so they’re built ridiculously light for how strong they are - and they have to be strong to be able to fly.

    A swan is much bigger and - critically - much meaner than a goose.





  • SparroHawc@lemm.eetomemes@lemmy.worldName them
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    1 month ago

    That depends on if they’re reporting LESS money than they actually made, or are reporting MORE money than the shop itself actually took in.

    If everything is in cash, you can inflate it pretty easily without raising eyebrows.



  • That implementation of NFTs was a total scam, yes. There are some cool potential applications for NFTs … but mostly it was a solution looking for a problem. Even situations where it could be useful - like tracking ownership of things like concert tickets - weren’t going to fly, because the companies don’t want to relinquish control of the second-hand marketplace. They don’t get their cut that way.