If BTCs price is not at least doubling every 4 years the security budget in electricity or dollar terms will start to shrink and will not stop. No healthy transaction fee market can counter that I don...
Sure.
But right now it's like ridiculously impossible to attack right?
At what level does the security budget become too low for your threat model?
I'm already using Monero to transact and its hashrate is abysmal.
Long ago on Twitter, I came up with a spreadsheet that tried to estimate the number of megawatt hours burned on each chain.
I think that's the only reasonable metric of "network security" in this sense.
But right now it's like ridiculously impossible to attack right?
At what level does the security budget become too low for your threat model?
I'm already using Monero to transact and its hashrate is abysmal.
Long ago on Twitter, I came up with a spreadsheet that tried to estimate the number of megawatt hours burned on each chain.
I think that's the only reasonable metric of "network security" in this sense.
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