asfgjonuinio

3 ms·

1. 1.▲
   by asfgjonuinio 8y ago

   >However, it also means the payoff to attack is lower. "Your money is safe because it's not worth anything anyway."
2. 2.▲
   by asfgjonuinio 8y ago

   Already happened. The hash rate is falling and the market is flooded with cheap hardware. You'll hear some handwaving about difficulty adjustments. That doesn't change the fact that it is becoming increasingly unprofitable and min
3. 3.▲
   by asfgjonuinio 8y ago

   There are tons of interesting failure modes. The simplistic one won't happen, but that doesn't mean that it isn't teetering on the bring of a death spiral. What happens when the market is flooded with cheap miners? A 51% a