600 sats \ 1 reply \ @SpaceHodler 23 Oct 2023 \ on: "If all the people around tells you that you’re drunk - maybe you're just drunk" bitcoin
One thing to consider:
In a half-bitcoinized world, I don't see many incentives to destroy Bitcoin, because people don't want to lose their money.
A terrorist organization, a group of communists who hate people's ability to keep their wealth may want to do that, but they're unlikely to be able to engage sufficient resources.
If you have little to lose by destroying Bitcoin, it's because you're broke. And if you're broke, you can't buy any hash rate.
In a half-bitcoinized world, I don't see many incentives to destroy Bitcoin, because people don't want to lose their money.
ok, but here is my answer to consider too, an slightly modified version of Prisoner's Dilemma short description:
"The Prisoner's Dilemma is a standard example of a game analyzed in game theory that shows why completely rational _ large Bitcoin holders _ might not cooperate, even if it appears that it is in their best interests to do so."
in other words:
"It's not a problem I'm switching-off my Antminers "for a while", because other holders will surely keep it running at loss... because they don't want to lose their money, ha"
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