4 ms·
Energy consumed is security in the network. Like a giant force field.
by kneel 6y ago
Energy consumed is security in the network. Like a giant force field.
- toiletfuneral 6y agohahahahahahahahahahahna holy shit
- alexarnesen 6y ago+10 Insightful
- robjan 6y agoThat's great but nation states and large institutions have access to far more energy than the common man. It's hardly democratising money.
- kneel 6y agoAttacking bitcoin would involve the energy supply of an entire nation and a suspiciously large purchase of mining rigs.
- giantrobot 6y agoOk. https://www.scmp.com/tech/policy/article/3005334/china-home-worlds-biggest-cryptocurrency-mining-farms-now-wants-ban https://www.scmp.com/tech/policy/article/3005334/china-home-...
- kneel 6y agoIf a country bans bitcoin then the mining difficulty will adjust and the hashing continues elsewhere. Much like other p2p networks, Bitcoin is a borderless hydra that simply cannot be stopped.
- robjan 6y agoRather than take it offline, another possibility is to size the hashing power and use it to undermine the currency.
- Zamicol 6y agoEnergy consumption is a large red target making it easy for nation states to attack. I cannot easily target your computer running proof of stake in your closet. I can easy to cut the electrical wires into your proof of work data center.