10 sats \ 2 replies \ @2minutebitcoin 28 Jan 2023 \ parent \ on: What is the best takedown of Bitcoin out there? bitcoin
Can anyone summarize the points, or provide non-paywalled links?
We definitely disagree that a single post can't transmit what's necessary to see why Bitcoin can be a globally transformational change.
If I remember correctly its a government or governments gaining more than 51% of the hash rate to DOS attack so no transactions get through. They have basically an unlimited budget & as the network gets attacked more bitcoiners will try to get out creating a kind of death spiral. As the price of BTC comes down it will be cheaper to continue this wasteful mining.
Something like that
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Oh I like that, maybe I'll make another bounty about that one
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