Cryptos are a fucking scam to sucker people out of their money who think it'll replace fiat. It has no intrinsic value
Only sound money (silver and gold) can save us from eternal debt slavery because they are real stores of value
Get off Voat and start educating people about central banking. Go tell all your friends and family. Start a grassroots campaign to lobby congress to abolish the Fed and return to the Constitution
This is something liberals and conservatives can really rally around. Nobody likes being stolen from. Tell them why they should lobby hard for this. Hell, run for office if you think you can pull it off. Even if you don't get elected, campaigning is a great way to raise awareness. Worked great for Ron Paul. He woke up millions of people to the threat of the Fed
Focus on this one thing. Fuck everything else. We can come back and fight all the other shit later. If we don't end the Fed, there won't be any point in resisting the creep of multiculturalism, feminism, surveillance, endless war, degeneracy, etc.
These are distractions created by Jews to keep us from focusing on their source of power - fiat money
Kill fiat and everything else goes away with it
view the rest of the comments →
[–] go1dfish 0 points 2 points 2 points (+2|-0) ago
It depends on a majority of the hashing power to be not in collusion to do nefarious things.
The idea is to make it prohibitively expensive to attack the network, but it's true that it isn't impossible.
[–] Cantilever [S] 0 points 1 point 1 point (+1|-0) ago
As the price skyrockets, doesn't the economic incentive to game the system scale with it, along with the cost of mining, thus limiting the number of miners with the capital to continue mining?
Seems destined to fail
[–] go1dfish 0 points 1 point 1 point (+1|-0) ago
Yes, but the cost of attack also scales with the cost of mining.
You have to control over 50% of hashing power, and that cost gets higher as more miners enter the system.
The cost of mining is not directly related to the value of the coin.
The cost of mining is related to how much hash power is mining, as price increases more hash power tends to be added though as people have more incentive to mine.