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High mining cost is what provides network security. I doubt there will be popular support for military interventions against Bitcoin. But if a "War against Bit
by VMG 5y ago
High mining cost is what provides network security.
I doubt there will be popular support for military interventions against Bitcoin. But if a "War against Bitcoin" were to happen, it would probably be as successful as the "War on Drugs" and "War on Terror"
- Jensson 5y agoIt would actually make the network more secure, since mining would shift from big industry players to local private users who mine from home electricity. You can't hide a power dependent business and poor countries lack the power production for significant mining operations.
- skohan 5y agoSecurity is the argument of last-resort for so many bad technologies.