Shallow safety vs. deep safety: Shallow: estimated from volatility, assumes nothing goes wrong at lower layers of the protocol stack Deep: what happens to your assets upon underlying failures? e.g. how would your digitally centralized assets fare against sanctions or cyberwar?
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Nick, I have thought about this and havent seen many others talk about it and maybe its stupid, what about China using their army to actively take control of all mining centers in China and actively 51% attacking it. Can we fork and use a diff mining algo like Monero's RandomX ?
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I like the thesis of Aaron Wildavski’s ‘Searching for Safety. Risk avoidance carries its own exposures.
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Appreciate your detailed answer, but no technological feature will prevent a rogue government to "legally" seize your decentralized assets. Remember the $5 wrench attack vector?
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As for deep safety, bear in mind that over 2000 years of history an average salary estimated in bullion, have increased 20/30%. This is why people flock to gold during crises, that shiny piece of metal is rock solid and has proven it throughout many catastrophic events
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