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0 sats \ 1 reply \ @2minutebitcoin 4 Oct \ on: Why Bitcoin security budget will always be enough, I explained bitcoin
That's quite the wishy-washy argument. Reads like copium.
How much hashrate do we believe is currently mined by stranded energy?
Do you realize the stranded energy argument has been a thing since at least 2020 from that Stone Ridge report? https://www.2minutebitcoin.org/blog/stone-ridge-2020-shareholder-letter
5 years in, has there been notable progress?
Is there good reason to believe the next 10 years will be significantly different and offer enough hash rate to at least match what we have today?
For these reasons and much more other reasons
You haven't given more reasons.
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0 sats \ 0 replies \ @piecoverBTC OP 8h
Bitcoin doesn't need a security budget, Bitcoin pays itself to exist. If you're a miner and you are not happy with what you're getting you should shotdown your facility and let more efficient miners work. The difficulty will adjust until it finds an equilibrium. Bitcoin doesn't need a bunch weak miners crying for more money. The network will still be secured even if the hashrate drops 80% from 1-10ZH.
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