Selfish mining attacks are possible with any PoW cryptocurrency even Bitcoin. It isn't something unique to Monero.
If you voluntarily use a crypto that has inflation, no it isn't theft. No one forced anyone to use Monero. Gold mining isn't "theft" because more is mined every year. That would be ridiculous.
Monero/gold mining is open to anyone, requires PoW, and is predictable
Fiat inflation is closed to a select few, requires no work, and unpredictable
To say those are the same thing is dishonest
Any "fixed/predetermined" block reward or supply is only as good as the users that are in consensus with those rules. Code cant control people choosing to leave or join the Bitcoin network and taking their money with them.
Replies (2)
Inflation devalues the worth of every hodler. Gold has inflation and it devalues Gold with about 1.5% a year. Its still valuable because fiat inflation is much much bigger than that. Same with houses that are build new in addition to the existing ones.
That is why Bitcoin being limited to 21 Million is The Greates Money of them all.
Selfish mining attacks succeeded with Monero 2 times, not with Bitcoin because probably there are differences ASIC vs CPU, incentives and so on.
Inflation in Monero devalues the worth of any Monero holder. Inflation is always theft!
Dude, please get a proper education not hustler's university theories on inflation and economics.
Honestly the reason why I stopped engaging with this. but it does make me laugh so thanks 🙏
