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@JasonPLowery @TheGuySwann That's sort of standard academic cryptography protocol / computational security game theory language though. Alice isn't going to point kinetic weapons at Mallory, she's going to erect the physical analog of an electrical force field which is nuke proof around her data and comms.
@JasonPLowery @TheGuySwann With cryptography in the digital domain there is an impenetrable asymmetric defense advantage. It's like everyone is walking around with a nuke proof personal force field. Stark opposite of physical domain which is composed of 99.999% soft targets vulnerable to asymmetric attack.
@JasonPLowery @TheGuySwann Now bitcoin smart contract/ signatures are asymmetrically secure, but transaction finality is unfortunately not, that is an economic mutual interest balance. Miners get paid to defend, and lose money by attacking, unless they can overwhelm everyone else. But if they overwhelm
@JasonPLowery @TheGuySwann They lose money due to second order effects and anti-fragile reactive extra lines of defense, so they still lose, for someone who thinks a few moves ahead in the economic game theory. Firstly they impact bitcoin price and confidence potentially, hurting their payout, and value
@JasonPLowery @TheGuySwann of their $10bil+ of ASICs and power infra. secondly the network will reactively defend, eg by mutual defense agreement to periodically call rpc invalidateBlock on attack blocks until the attacker runs out of money and resolve.
@JasonPLowery @TheGuySwann so i think reality is #bitcoin is more secure than first order thinking assumes. chess players who don't think steps ahead lose, every time. you can also draw another analogy with the internet a kind of redundant resilient infra, or financial networks (currently under attack in
@JasonPLowery @TheGuySwann the form of sovereign reserves asset seizure, and selective official literal denial of service). but recall the internet and bitcoin are far more resilient and decentralized than financial networks. somehow money still flows around the sanctions seem almost a balance of will.
@JasonPLowery @TheGuySwann russia and US, EU posturing and upping ante on selective seizures, blacklisted entities, individuals. but still very far from direct sabotage, or kinetic destruction of internet or financial rails. i'm supposing because firstly they don't want MAD and that could escalate. but
@JasonPLowery @TheGuySwann also the world needs the global money transfers to work, or the global economy fails, and lots billions of people starve, so there's a financial mutual assured destruction self-preservation holding them back from crossing a functional line. bitcoin isn't widely enough used to
@JasonPLowery @TheGuySwann benefit from that line of self-preservation, but it would get there in a bitcoin standard world, with sovereign bitcoin reserves, sovereign mining and geopolitical struggles over control of territory with plentiful cheap power generation resources - hydro, wind, solar, geothermal
@JasonPLowery @TheGuySwann on hashrate attack, i think #bitcoin is more asymmetrically secured against hashrate attack than people think, because of the reactive "anti-fragile" defense. $1 trillion vested interest has political will to defend itself by software coordination. take as a prior precedent UASF
@JasonPLowery @TheGuySwann an apparently overwhelming economic interest group - 85% of miners, many big-block philosophical supporters in exchanges, payment processors, a superficially daunting business lobby group. and they lost, because the market prevailed, and activist investors said NO. and meant it
@JasonPLowery @TheGuySwann there's also precedent in software reactive changes with grass roots support, and likely some part of self-reservation where miners and exchanges dropped their philosophical support realizing it would be damaging to themselves and #bitcoin itself to willfully jump off the cliff.
@JasonPLowery @TheGuySwann and bitcoin is decentralized enough spread across many countries that it would be quite hard to assemble the political will deploy kinetic weapons or sabotage enough infra for one country, even a super power, to overwhelm the network. even their own citizens hodlers would react.
