3 ms·

Can you elaborate?

• dustintrex 5y ago
  The computing power (proof of work) required to mine Bitcoin scales according to the current hashrate. Since the supply is fixed, the only way to grab a larger market share of the hashrate is to spend more money on more computing power.
  • politician 5y ago
    Exactly. The poster's "Blood taxes" -- ownership consensus through escalating violence -- is reminiscent of PoW schemes which establish a distributed consensus through escalating hashrate.