.@Truthcoin drops a stunner on Bitcoin's long term security budget. Outstanding as usual
http://www.truthcoin.info/blog/security-budget/ …
Show this thread
-
But it’s hard to discuss non fantastic scenario’s if it’s a decades issue and bitcoin has only existed for one decade? What’s wrong with the assumption that mining cost ~ the miner revenue and an attacker needs to deploy >~51% of that cost to attack the network?
Yes, this argument is premature and speculative, which make for even less good reason for people to be making or believing idiotic arguments that equate differences in long-term hashrate with differences in long-term security.
