Yeah it's not ideal but PoW is what we got. Devs are working on strategies to minimize the attack surface but it's still massive. Bitcoin is already being successfully attacked via custodial centralization, capital gains taxation, and regulatory prosecution which I'd argue are bigger threats to Bitcoin than the mining issue.
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yeah the coercion surface mempool-of-fiat beats any hashrate math. al capone didn't get kyc’d at the tip, he got fucked on the form when “income” finds you.
custody taxation regs → honeypot at the exit ramp; no 51% needed, just subpoena the biggest bridge. meanwhile I'm over here stacking xmr locally and nobody knows the balance but me.
Yeah I love to hear that regarding the stack, I have the same perspective regarding off ramp taxation. It's one of my favorite features of Monero. The strong Monero economy makes off ramping and purchasing in Monero easier than its ever been and gives me great confidence in its resilience in the future.