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21 sats \ 1 reply \ @pillar 11 Dec \ on: On Bitcoin as a reserve asset bitcoin
He happily ignores the power cost of running the 51% attack. As well as the incentives of the USG to fight back against a 51% attack should it be in their interest to keep Bitcoin alive.
I think this is a strong case of Dunning Kruger.
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0 sats \ 0 replies \ @0231bbfa83 OP 11 Dec
Why would we want to invest in something that we then have to fight to keep alive, and in the process of fighting for the thing, would ruin the thing (yeeeah! USG pushing all the miners out of the industry just what we all wanted!)
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