Understand, but don't agree. Many coins are mined not minted (Eth was not PoS, Etc remained PoW). BCH is PoW and it is a fork of BTC. XMR are mined. So these are examolples of PoW. XMR and many others are the same as BTC regarding decentralizasion. So there is no Foundation behind them. Eth has a Foundation, it's ok. But if you want to look after the BTC, only 5 person has the admin right of the source code. And there is a couple of developer decides what BIP will be the part of the next improved protocol, and what BIP will be ignored. See the Bitcoin soft fork and hard forks in 2017, eg BTC-SV, the mentioned BCH and so on. On the other hand there is no foundation behind XMR, Zcash, Litecoin, Dash. These are coins. Other assets, mainly utility token works with a company behind, but there is normal, because these are utility tokens (e.g. Ripple XRP, Stellar Lumens XLM and so on). And infrastructure tokens have companies or fundations behind. Because these tokens provides services. Some others has not any foundation behind (ETH forked ETC for example). But remember DAO's too (and the first DAO hacker 😁).
And in the other hand PoW is vulnerable too. See e.g. 51% attack. The Chinese mining farm already has 51% (even Antpool and F2 pool belongs to the same company, the Bitmain). If the Chinese wants, changes the lrotocol as they want and you can not do anything against them. So your BTC can worth zero if somebody wants to exploit the 51%. And you can count many other vulneabirities.
So please do not forget these things when you say BTC is a full freedom, and other assets (not only) doesn't provide freedom and these are shitcoins just because not Bitcoin.
ᴄʏʙᴇʀɢᴜʏ 👽
npub1j2…wcmzd
2023-07-15 15:39:38
in reply to nevent1q…fdjt
Author Public Key
npub1j2rqesvvtyktcyxakxhuxw54x3zm44frdr0h6prpgdmg7a9md39qmwcmzdPublished at
2023-07-15 15:39:38Event JSON
{
"id": "a1a742f3f4e1adf460cce99ade4c3dcf8c4a4dc682c933ffd9be7a5a8f897e5a",
"pubkey": "92860cc18c592cbc10ddb1afc33a953445bad52368df7d046143768f74bb6c4a",
"created_at": 1689435578,
"kind": 1,
"tags": [
[
"e",
"7ab0438adf2a39de96c36f452db8d081e7fcfd83ddda32a37b13000ae45dbab4",
"",
"root"
],
[
"e",
"855495e70b58f065d0d388bf8ba8b7831dd1568355d5db931ea8337b138d14f0"
],
[
"e",
"b9dcfc5fe787e39134d781f186f43ce78d69b9b4f0880339a733c2f75210b2d9"
],
[
"e",
"0711a4f99003ffc543221af06b08983f8f0f9ccda695db9f70b8c5845e6ccfb3"
],
[
"e",
"5e6486658d778eaed85b0f54ec467ddbd2f2f0a06c5b9202a1757e5c559082ed",
"",
"reply"
],
[
"p",
"4347ce9065894e2870965353a94f11ce22bb672befde1ce97755c38268b5e6a1"
],
[
"p",
"92860cc18c592cbc10ddb1afc33a953445bad52368df7d046143768f74bb6c4a"
]
],
"content": "Understand, but don't agree. Many coins are mined not minted (Eth was not PoS, Etc remained PoW). BCH is PoW and it is a fork of BTC. XMR are mined. So these are examolples of PoW. XMR and many others are the same as BTC regarding decentralizasion. So there is no Foundation behind them. Eth has a Foundation, it's ok. But if you want to look after the BTC, only 5 person has the admin right of the source code. And there is a couple of developer decides what BIP will be the part of the next improved protocol, and what BIP will be ignored. See the Bitcoin soft fork and hard forks in 2017, eg BTC-SV, the mentioned BCH and so on. On the other hand there is no foundation behind XMR, Zcash, Litecoin, Dash. These are coins. Other assets, mainly utility token works with a company behind, but there is normal, because these are utility tokens (e.g. Ripple XRP, Stellar Lumens XLM and so on). And infrastructure tokens have companies or fundations behind. Because these tokens provides services. Some others has not any foundation behind (ETH forked ETC for example). But remember DAO's too (and the first DAO hacker 😁).\nAnd in the other hand PoW is vulnerable too. See e.g. 51% attack. The Chinese mining farm already has 51% (even Antpool and F2 pool belongs to the same company, the Bitmain). If the Chinese wants, changes the lrotocol as they want and you can not do anything against them. So your BTC can worth zero if somebody wants to exploit the 51%. And you can count many other vulneabirities.\nSo please do not forget these things when you say BTC is a full freedom, and other assets (not only) doesn't provide freedom and these are shitcoins just because not Bitcoin.",
"sig": "3b7e1c648621e4e466c5e033230f7eaa8fc8baa652a70a4194a842321638b62b20fd078797579d68a59b7cd19c20093e40be5c9b1f1a01c339bc6040419eb2bc"
}