3 ms·
> The "security" of btc cryptocurrency is proportional to how much energy it wastes It's proportional to the amount of money it "burns", in the form of capital
by wongarsu 3y ago
> The "security" of btc cryptocurrency is proportional to how much energy it wastes
It's proportional to the amount of money it "burns", in the form of capital costs (miners) and electricity costs (for those miners). If electricity prices would rise tenfold globally, electricity use from crypto miners would drop by about the same factor.