justwannapost

bitcoin

Ledger vulnerability disclosure

Rsync25

It's not a blockchain vulnerability. Its a Ledger Hardware Wallet Software vulnerability.

Night and day difference.

This is a repost of "BTC mining & security in a marginal cost of energy effecively = 0 world?" (IIUC, I messed up the original up by forwarding proceeds to @K00b)

Teslas Master plan (https://www.tesla.com/blog/master-plan-part-3) expressly states an effectively zero marginal cost of energy as one of their goals. Tesla has not done so well on timeline predictions at times, but thus far, they have an unparalleled record at eventually accomplishing what they set out to do.

Has there been or is there any ongoing discussion of how the Bitcoin Network could and would be secured in a world of abundant electricity?

There are so many variables, that any prediction would of course be just a prediction, but has there been work done with this potential scenario in mind?

It was pointed out to me that Internet (bandwidth, connection) costs would not be zero, as would be the case with mining hardware. How would this affect incentives? More to the point, would the BTC network still be secure enough on an ongoing basis?

BTC mining landscape in a world where marginal energy costs are 0? (Repost)

BTC mining & security in a marginal cost of energy effecively = 0 world?

Do you have any theories about who would be the predominant miners in this scenario?

Thank you. 

I am going to repost, and not forward. I hope that is ok and works better.

Teslas Master plan (https://www.tesla.com/blog/master-plan-part-3) expressly states an effectively zero marginal cost of energy as one of their goals. Tesla has not done so well on timeline predictions at times, but thus far, they have an unparalleled record at eventually accomplishing what they set out to do.

Has there been or is there any ongoing discussion of how the Bitcoin Network could and would be secured in a world of abundant electricity?

There are so many variables, that any prediction would of course be just a prediction, but has tehre been work done with this potential scenario in mind?