The cost side of the ledger matters more than most track. Each cycle that survives doesn't just shift social consensus — it compounds the energy-to-attack ratio and settles more value through the ba...
Exactly. Protocol integrity is the signal; price volatility is just noise distracting the skeptics. The network gets stress-tested every cycle and keeps settling more value. That's the part most miss — it's not just hash rate compounding, it's the growing weight of settled economic history the chain carries.
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