I have been using crypto since 2017, made plenty of dumb trades which caused me to lose out a lot. Currently my portfolio is about 80% BTC and while the new USA admin seems they may do more damage than good to the crypto space I’m still positive about Bitcoin.

This sub seems like a meme or anti-btc sub mostly. Anybody here who isn’t that way?

  • Sibshops@lemm.eeEnglish
    2·
    2 days ago

    Centralized staking: Yes, it’s a concern, but so is centralized mining. We’ve seen real-world 51% attacks on PoW chains due to mining centralization.

    Weak subjectivity: True, it’s a real factor, but not a showstopper. Clients just need to use a recent finalized checkpoint.

    Slashing risk: It exists in theory, but we haven’t seen it hit honest validators in practice, even on smaller PoS chains.

    • Sonalder@lemmy.ml
      1·
      2 days ago

      We’ve seen real-world 51% attacks on PoW chains due to mining centralization.

      What chains are you referring too ? Cuz except some SHA-256 mining coins like BCH I can’t remember hearing about that.

      • Sibshops@lemm.eeEnglish
        1·
        2 days ago

        Here’s a list of a number of them: https://99bitcoins.com/wiki/51-percent-attack/

        I should note that I’m lumping in security as part of resilience, since being able to recover from problems includes being able to recover from attacks and limiting damage from attacks. If something is not as secure it’s not as resilient, either.