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Evan Van Ness 🧉
🧉 maximalista, 💻 enthusiast, ⚽ fanatico
currently: looking for what's next
Correct me if I'm wrong but...
If enough Btc miners were owned by public Bitcoin miner and treasury companies (~20% of total hashrate with selfish mining), you could 51% attack the public equities (ie take majority control, many ways to achieve that via capital markets)- and you'd have governance control over bitcoin. In other words securities law would become Btc's consensus mechanism.

8,28K
Bitcoin is more like the telegraph
Slow, expensive, and insecure

Hedgex.eth23.7. klo 08.10
Strongly disagree.
Bitcoin is the Nokia phone.
ETH is the iPhone.
9,6K
Evan Van Ness 🧉 kirjasi uudelleen
One of @NEARProtocol’s superpowers is its super lightweight node infrastructure. It takes 7 minutes to sync a chunk validator on NEAR mainnet and about $27/month to operate.
This is one of the major unlocks of NEAR’s stateless validation. Bulletproof state transition is at the core of what crypto is about (blockchains are ultimately just state machines). But the state is massive and inefficient to store. Stateless validation on NEAR means validators can prove that a transaction belonged to the previous state without needing to maintain the entire state of a shard locally.
A bunch of benefits from this lightweight design:
-Reduces devops requirements to support a more decentralized network
-Reduces gas costs for storage operations by ensuring that state accesses are all in memory
-Enables validator rotation on every single block to ensure security
Every NEAR protocol upgrade and product release is really an ensemble of very complex, low-level technological improvements. Grateful to have the opportunity to unpack NEAR’s innovations in depth with @tw_tter on @epicenterbtc.
27,3K
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