Farley on Nostr: When the foundation is shaky, how solid can the structure really be? #Monero ...
When the foundation is shaky, how solid can the structure really be? #Monero distanced itself from Bytecoin, just like Ethereum tried to distance itself from the DAO rollback—but the origins still matter. If something began with questionable ethics, how can you fully trust what follows?
Ethereum had its "oops, undo that" moment when they rolled back the blockchain after the DAO hack, proving it’s not immutable. Monero, while better in comparison, still carries the stain of Bytecoin’s shady pre-mine. Even if it started fresh, the fact that it was born out of a scammy project raises questions.
Bitcoin didn’t have to fork from a broken system—it was built right from day one. That’s the difference. Clean origins matter. No trust required.
It’s funny how many of these projects try to fix problems that only exist because of their own flawed beginnings.
Ethereum had its "oops, undo that" moment when they rolled back the blockchain after the DAO hack, proving it’s not immutable. Monero, while better in comparison, still carries the stain of Bytecoin’s shady pre-mine. Even if it started fresh, the fact that it was born out of a scammy project raises questions.
Bitcoin didn’t have to fork from a broken system—it was built right from day one. That’s the difference. Clean origins matter. No trust required.
It’s funny how many of these projects try to fix problems that only exist because of their own flawed beginnings.