pull down to refresh

21 sats \ 1 reply \ @iguano 23 Oct 2023 \ parent \ on: "If all the people around tells you that you’re drunk - maybe you're just drunk" bitcoin
Maybe I'm not as smart as you. But how a miner that went out of business because they can't maintain operations (because electricity costs, employees costs, maintenance of equipment, upgrade to new technologies, etc.) can attack a network of miners that are still in business and CAN maintain operations? It doesn't make any sense to me.
write
preview
0 sats \ 0 replies \ @jk_14 OP 23 Oct 2023
as you can check around, I'm focused on network security (difficulty) regression
because decreasing security will erode Store-of-Value (purchasing power of Bitcoin) , what is advertised as the one of most impotant Bitcoin features/properties...
And potential other consequences - like for example if there is only 25% of network hashrate of the past ATH, and rest 75% of ASIC hardware is idle and ready to use, who knows if not in a malicious way - that's only another, additional consequence here.
reply