It will never stop being funny that while most coins furiously debate PoW vs. PoS decentralization metrics or whether the marginal cost of staking will mimic the cost of mining, one coin just went "Uhm what? Burning energy? Staking? We just use a list lol." - and that coin is #2.
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Bitcoin both (a) makes it very difficult to censor (requiring a risky and expensive fork among disparate miner and node stakeholders), and (b) backs that up with a strong ideology of immutability. XRP AFAIK falls far short on both these counts.
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Yes, and I think the Ethereum DAO hardfork (ETH censoring the DAO hacker, ETC choosing not to) highlights that censorship is at its core a concern resolved by ideology & coordination and not technology.
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Arguably the BTC community has the strongest immutability preference, but I would really be interested to hear how far reaching you think this should be. Specifically, I think this poll question (rescuing a >1M BTC Liquid federation) is a good litmus test.https://twitter.com/ercwl/status/1051861849422143488?s=19 …
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If the Liquid sidechain is somehow broken and new blocks are not signed for a period of time (4 weeks i think), then the timelock expires and BTC is restored.
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Yes, but the poll is about the case where there's a bug preventing that.
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It's okay to use the term "shitcoin" nick
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If the majority wanted censorship then censorship would occur. That is true for any decentralised system as there is no authority that can prevent the will of the majority.
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Also what do you mean ‘abuse of the term community’?
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