Nick Szabo  🔑

@NickSzabo4 suggests to wait a few month for $1b.

Yeah looks like he’s following the “Ou rule” aka wait until security spend matches txn value ~52 days for $1b. I think that’s overkill.

This rule is provably not useful for big enough payments (N txs), @eiaine.https://twitter.com/fnietom/status/1118973616400535557?s=21 …

hmm... i disagree with the claim that it would cost 585,000 BTC to reorg the whole chain in 325 days

Do you think electricity market liquidity would increase that value much more than economies of scale in equipment would reduce it or what’s your rationale?

- electricity/hashrate sold in fiat, and would need to secure the resources up front (it would be a huge loss to abandon the effort halfway) - impossible to predict hashrate/price a year in advance

I don’t see how those arguments can change that figure significantly. Even if it’s double what I stated it would falsify your security rule.

I haven't seen anything falsified here. What are you talking about?