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It structurally pays less per GPU as you add more GPUs, because the security budget is a zero-sum budget. (though, that's only if you ignore extrinsic effects,
by Taek 5y ago
It structurally pays less per GPU as you add more GPUs, because the security budget is a zero-sum budget. (though, that's only if you ignore extrinsic effects, and some people argue that more security = higher coin price = higher security budget).
Even if the security budget is zero-sum, the amount of actual security added to the network with each additional GPU is constant.
- skohan 5y agoIt seems like your argument is that cryptocurrency needs to use over half of the computing power on earth at any given time to consider it secure. That's a very bad standard. Visa and MasterCard don't need this much computing power for security. Security is an easy argument to reach for when you want to justify something stupid.