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Why bitcoin?

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It looks like other blockchain technologies (altcoins) have been the victim of 51% attacks, so I'm going to read up on their repercussions. I wonder if they were carried out by [bitcoiners who don't like competition]( more)

Thanks, I did not know about

On the 51% attacks, I was specifically thinking of state actors. However, mightn't any eventuality which leads to a lot of Bitcoiners who aren't enthusiasts or have ulterior motives (Bond villains?) be an issue? The current state of the BC...(read more)

Why does anyone think BitCoin is going to work when its users aren't mostly BitCoin enthusiasts?

I'm specifically referring to incentives of 51% attacks. The returns on mining seem to increase as computing power eclipses 50%, creating an economy of scale in mining and incentivicing attacks.

The information in a science textbook is (or should be) considered scientific because of the processes used to vet it. Absent of this process its just conjecture.

I often wonder if this position is unpopular because of its implications for economics and climatology.

Macroeconomics? Sure, its highly politicized so in many cases I'll agree with that. But microeconomics is in many ways the study of how to rationally deal with scarcity. IMO, traditional micro assuming homo-economicus is actually more interesting (and useful, outside of politics) than the behavioral...(read more)

Is there overwhelming evidence on the safety (not efficacy) of vaccines somewhere, and I've just missed it?

I used to just trust the word of the experts, because I am not an expert and had no incentive to become one. I didn't have a lot of faith in such a politicized science, but reasoned it was probably better than anything I could come up with. I trusted the IPCC reports, but after reading about Climate...(read more)

Agreed. Powerful people (especially politicians) seem to hold plenty of irrational beliefs. Of course we can't really tell the difference between lying about irrational beliefs and hypocrisy, if there's a meaningful difference for the outside observer at all.

The quote refers to the (end) market and users, not the internal workings of a software development firm.

Networking protocols face similar challenges. I wonder if there's a rationality of conversation hidden somewhere in here?