BTW for future proofing, when linking Memo's we should do it with txid's instead of URLs. That way we can find them directly using block explorers or any other program in the future that replaces centralized web Memo.
The problem with Bitcoin is paradoxical. No one wants to accept it because it will lose value, but it's value is so unstable BECAUSE no one will accept it aside from market speculators.
The only way to break the cycle is to make the irrational decision and accept the risk and encourage others to do so as well.
The problem with Bitcoin is paradoxical. No one wants to accept it because it will lose value, but it's value is so unstable BECAUSE no one will accept it aside from market speculators.
You said yourself, a rich person could just buy up a server farm and attack. This actually happened to Bitcoin Gold which forked to an ASIC resistant PoW algo.
In what system can someone not buy the power to destroy Bitcoin?