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If electricity became less available the mining rate of Bitcoin would automatically adjust to the scarcity of available computation - it's not like there's a sp
by zik 6y ago
If electricity became less available the mining rate of Bitcoin would automatically adjust to the scarcity of available computation - it's not like there's a specified amount of electricity that has to be used per transaction.
- xapata 6y agoIt's less about steady-state global availability than burst capacity. What if the People's Liberation Army decides that temporary control of the Bitcoin network is a valuable capability?