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no use of bitcoin at scale for pretty much anything other than speculating You mean like bonds? That's a market cap of over $100T. somebody with >
by ArtTimeInvestor 2y ago
no use of bitcoin at scale
for pretty much anything
other than speculating
You mean like bonds? That's a market cap of over $100T.
somebody with >50% of hash power
can do that
Building up that power would cost many billion dollars of infrastructure and its hard to say how one would even build the manufacturing capacities to build it. And running it would cost about a billion per month. Then for as long as they hold that power, they could only stall transactions. Not move other peoples funds around. So very little gain for an unimaginable cost.
- TheAlchemist 2y agoWhat bonds have to do with it ? Regarding the second point, my understanding was that you can basically decide what's happening right ? Why you couldn't move other people funds around ?
- ArtTimeInvestor 2y agoWhat bonds have to do with it ? What can you do with bonds beside speculating? my understanding was that you can basically decide what's happening How so?
- MobiusHorizons 2y agoBonds exist and are popular because companies and governments sell them to get money now at the cost of paying back more later. They can of course be resold to other investors but that’s not why they are created.