4 ms·
That's great but nation states and large institutions have access to far more energy than the common man. It's hardly democratising money.
by robjan 6y ago
That'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.