AcctingDept on Nostr: I think that if they tried to drive the fork solo, it wouldn't matter how much they ...
I think that if they tried to drive the fork solo, it wouldn't matter how much they have. It would just become BCBD, and be much like BSV. Nodes and amount of BTC are really just proxies, like hash rate was. I think the real chain is the one accepted be the people selling the most value. They would be holding the bitcoin backing other people's paper bitcoin, and they are BlackRock, so there might be an attack vector there, if they front loaded it with a massive drive to onboard no coin's to custodial bitcoin, and then controlled the licensed custodians? I'm not sure, but it seems like a viable attack vector.
Published at
2023-06-21 20:37:15Event JSON
{
"id": "8b873ef756e996ced1e533151c5d91939a6e68667d847d8ecb86d28472807987",
"pubkey": "626c5abadcf27e18a75a0357c6327715d2630abe190a3f3a66280754968049b9",
"created_at": 1687379835,
"kind": 1,
"tags": [
[
"e",
"02742a23988aa84cee962fecdf1f4ac2b74923354f50f427a26c2b4dcb34be93"
],
[
"e",
"a4c4fb7e4e93b235b703e3468a335f52f53c1fc9e5fc29ffdd2b700361d6cc43"
],
[
"e",
"7637accc3b2b76f265a7d3f4ee05116bcd7819f71ac0f06311887afac0fc236c"
],
[
"p",
"083560eaa9e80f7f5362bba93c7739f84324615c2fce411b4919d39b2cc8577c"
],
[
"p",
"fcf70a45cfa817eaa813b9ba8a375d713d3169f4a27f3dcac3d49112df67d37e"
]
],
"content": "I think that if they tried to drive the fork solo, it wouldn't matter how much they have. It would just become BCBD, and be much like BSV. Nodes and amount of BTC are really just proxies, like hash rate was. I think the real chain is the one accepted be the people selling the most value. They would be holding the bitcoin backing other people's paper bitcoin, and they are BlackRock, so there might be an attack vector there, if they front loaded it with a massive drive to onboard no coin's to custodial bitcoin, and then controlled the licensed custodians? I'm not sure, but it seems like a viable attack vector.",
"sig": "7956345503273ec8ce314deeea8e143b550d642f4ae74511ec054ab797a37532e8807ab436abdcc3819783d44d0b4d869ea14406cb1cddfc9ad8cd862887a1e4"
}