Throughout the last year I was told how "lucky" I was to have so many bitcoins. They wished they got in so "early" like me, that they were not so "lucky".
Think of all of the people selling right now. Think of all of the people buying right now. The people selling are doing something easy. The people buying are doing something hard.
Holding BTC right now is hard, it's not easy. When you do something that is hard and are rewarded, that is not luck. That is a reward that is earned.
I have earned every bit of what I have, and then some, having been through these tough times several times and not buckled.
I am not lucky. I am strong.
Lucky SOb.
Vitalik Buterin Proposes a Consensus Algorithm That Requires Only 1% to Be Honest
https://twitter.com/VitalikButerin/status/1027972126593015809?s=20I did NOT invent 99% fault tolerant consensus; Leslie Lamport did. I just wrote an explainer and adapted it to a blockchain context. Please fix, Trustnodes.
This has been known a long time; Leslie Lamports famous 1982 paper The Byzantine Generals Problem (link here) contains a description of the algorithm. The following will be my attempt to describe and reformulate the algorithm in a simplified form.
Does this mean 99% POW is useless?
Meh, they already proved their chain is mutable and centralized so it can't shit down a drain fast enough in my book.