gsovereignty on Nostr: Monero's security model is reliant on the community trusting the devs who rotate the ...
Monero's security model is reliant on the community trusting the devs who rotate the hash algorithm and use checkpoints because it doesn't have the security budget to remain censorship resistant or immutable if it comes under attack. This is a non starter against a state actor and defeats the entire purpose of proof of work.
There are many ways Bitcoin is vulnerable, but it's the only attempt being made at separation of state and money.
Published at
2024-05-14 05:33:28Event JSON
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"content": "Monero's security model is reliant on the community trusting the devs who rotate the hash algorithm and use checkpoints because it doesn't have the security budget to remain censorship resistant or immutable if it comes under attack. This is a non starter against a state actor and defeats the entire purpose of proof of work. \n\nThere are many ways Bitcoin is vulnerable, but it's the only attempt being made at separation of state and money.",
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