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Discussion in 'The Kruse Longevity Center' started by Jack Kruse, Feb 10, 2021.

  1. Jack Kruse

    Jack Kruse Administrator

  2. Jack Kruse

    Jack Kruse Administrator

    It appears that Treasury has a real problem with DeFi based on the infrastructure bill amendment battles.

    Ether is a system with an unaccountable ruling class exploiting the working class, making promises they can’t keep while spinning a wonderful narrative to the masses. The ruling class takes their wealth and then lobbies Congress with dollars. Those dollars likely will be used to attack BTC eventually.
     
    GavinH likes this.
  3. Jack Kruse

    Jack Kruse Administrator

  4. Jack Kruse

    Jack Kruse Administrator

    Funds stolen by DeFi attackers: $402 million as of 8/10
    [​IMG]
     
  5. Jack Kruse

    Jack Kruse Administrator

  6. Jack Kruse

    Jack Kruse Administrator

  7. primalmofo

    primalmofo Student Doctor

  8. Jack Kruse

    Jack Kruse Administrator

    Who supports the what?

    ETH: Centralized Silicon Valley

    DeFi: Centralized Wall Street

    NFTs: Centralized Hollywood

    Only Bitcoin is 100% DECENTRALIZED.
     
    DebraGM, JanSz, caroline and 2 others like this.
  9. primalmofo

    primalmofo Student Doctor

    I told you all. Wise ones listened
     
  10. Jack Kruse

    Jack Kruse Administrator

    Government officials (Gensler) whose jobs exist solely for the purpose of regulating intermediaries don't like the concept of a decentralized, intermediary-free financial system. In other news, water is wet.
     
    DebraGM, John Schumacher and caroline like this.
  11. Jack Kruse

    Jack Kruse Administrator

    Proof of work by energy consumption (volcano) isn't a drawback. It is a common misunderstanding, but it's actually the only way we know of to distribute and secure p2p electronic cash. pow is what keeps bitcoin decentralized, permissionless, trust-minimized, all desirable features for a global, neutral monetary asset.

    Proof of Work:
    - Objective consensus
    - Unforgeable costliness
    - Exogenous security source
    - Permissionless

    Proof of Stake:
    - Subjective consensus
    - Forgeable costliness
    - Endogenous security source
    - Permissioned
     
    JanSz, John Schumacher and caroline like this.
  12. Jack Kruse

    Jack Kruse Administrator

    Evolution of the Internet: TCP/IP - Networking layer - 1973 HTTP - Browsing layer- 1996 TLS - Security layer- 1999 TOR - Privacy layer - 2002 BTC - Value layer - 2009 LN - Payments layer - 2017 BP/LNP will change humanity more than all digital technologies combined.
     
    John Schumacher likes this.
  13. Inger

    Inger Silver

    What is up with facebook? It seems to be down? Anybody able to access it? Or who knows why it is down?
     
  14. Facebook is having problems with the server or something.
    https://www.nrk.no/nyheter/trobbel-for-facebook-1.15677586

    "
    A popular online service Facebook has operational issues and is inaccessible to many users. It was the Downdetector service that first reported this, the information is later confirmed by the company itself.
    In addition, Instagram, Whatsapp and other web services will have similar problems.
    Facebook writes on Twitter that they are working to find a solution.
    "
     
    Inger likes this.

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