42 sats \ 1 reply \ @bitalion 15 Sep \ on: Is Bitcoin Adoption is Critical to Security of the Network - Let's Discuss bitcoin
The Bitcoin network is actually secured by the mining process. But adoption indirectly influences this because adoption is an indicator of the level of acceptance that a chain has and this makes mining desirable. Price is also a very important indicator, more so than adoption itself.
Hmmm.... I can't say I 100% agree with you here... /The Bitcoin network is actually secured by the mining process./ - Don't the node runners also play a role in the security of the network? And what do you say about the centralized honeypot of companies compiling block templates that are helping to assure the miners of a constant payment? Seems like they have a role in the security of things as well?
Maybe I am using to broad a definition of "security?"
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