You’re naively referring to how consensus should work while completely ignoring both the well-defined attacks I referenced and the reality of large actors in a consensus network. You don’t know what you’re talking about or you don’t understand how the theory works or you’re possibly just being obtuse. No matter what, this is pointless. Good luck.
Perhaps I am. I’m referring to your malicious actor you believe will rob you of your holdings. What does that look like? Some nebulous entity undertakes the task of acquiring greater than half of the processing power of the Bitcoin Blockchain, expending enormous resources to do so, for the purpose of reverting the $500 they paid you? And they’re not at all worried about devaluing the network they’ve invested significant resources into controlling, they just want their $500 back? The attacks are theoretical because they’re not practical and require illogical actors working against their own interests by undermining the network they’re supporting. It would be like a bank who takes deposits, but doesn’t allow withdrawals - who would trust them? They’d go bankrupt for their efforts.
I don’t think you’re using straw man correctly.
You’re naively referring to how consensus should work while completely ignoring both the well-defined attacks I referenced and the reality of large actors in a consensus network. You don’t know what you’re talking about or you don’t understand how the theory works or you’re possibly just being obtuse. No matter what, this is pointless. Good luck.
Perhaps I am. I’m referring to your malicious actor you believe will rob you of your holdings. What does that look like? Some nebulous entity undertakes the task of acquiring greater than half of the processing power of the Bitcoin Blockchain, expending enormous resources to do so, for the purpose of reverting the $500 they paid you? And they’re not at all worried about devaluing the network they’ve invested significant resources into controlling, they just want their $500 back? The attacks are theoretical because they’re not practical and require illogical actors working against their own interests by undermining the network they’re supporting. It would be like a bank who takes deposits, but doesn’t allow withdrawals - who would trust them? They’d go bankrupt for their efforts.