Bitcoin security would not be irreparably degraded if hash power decreased over the long run. The worst consequence of a gradually lower hash power / market cap ratio: it may require recipients of very-high-value transactions to wait more blocks before relying on them.https://twitter.com/mhluongo/status/1092559882056802304 …
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Covered that later in the thread!https://twitter.com/mhluongo/status/1092581486392475648?s=19 …
Mentioning != covering. Several ways for recipients of high value to protect themselves, including (i) break tx into multiple txs across multiple blocks (which BTW will also increase miner's fee revenue), (ii) wait more blocks before relying on.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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If a network has low hash power, it won't have high value. Bitcoin earns its value through uniting the global economy, or dies
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Also, this is very practical advice
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For those who are still holding BTC and looking for a way to exit
End of conversation
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