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InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)JD
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2 yr. ago

  • it's funny how many armchair money managers we have here who want to give up huge passive income in order to... have more money to invest and eventually get passive income.

    how much would an annuity that pays $150k/yr cost for somebody in their 20s or 30s? I can't imagine it being less than $10 million. probably more like $50 million. so the logic is give up $10-$50 million in value, for the opportunity to maybe make it up in the long run, while hoping you never get injured or debilitated...

  • so it's about 20% more for walking based on those numbers.

    i would definitely take the breathing! there's been too many times i couldn't walk, that's only going to increase as i age.

    imagine getting in a bad car crash the day after starting the walking deal, both legs are broken. now, you are broke two ways! it's like adding insult to injury. that would be the worst feeling in the world.

    when it comes down to "enough money to never need to work" vs "enough money to never need to work +20%, with extra risk if you get injured" i'll take the safe bet every time

  • that's... not how that works. all you can do with 51% is possibly double-spend whatever coins you already have. or undo some transactions.

    so you submit a transaction, then use your extra 1% of hash power to mine a new block that says you didn't actually spend it. at the same time you need to trick somebody else into believing you actually did send the coins, and take their stuff you "paid for." then after you have the stuff, you can submit the block that doesn't have your transaction in it. Voila, free stuff and you didn't spend your coins.

    it does not enable you to mess with other's balances. other than possibly reversing some transactions. you would need the private keys to their wallets to take their money. and if you have those, you don’t need 51% of the hash power, you can just take the coins with 0% hash power.