Michael Dunworth17h agoEnergy competitiveness will reduce hashrate.
There’s more money and value captured by AI (more people want that to win than Bitcoin if it was a choice).
Energy is now only flowing to either AI or Bitcoin.
Competing interests say that Bitcoin is less sexy, and now energy is directed to AI.
Hashrate down, Bitcoin gets double spent into the shadow realms.
This is all IF cryptography like ECC can hold up.
If the chain isn’t secure, then there is no Bitcoin.
Bitcoins misaligned community makes it the perfect target too.
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Cruz16h agoSo we should just sell off all of our Bitcoin now? Isn’t this what the difficulty adjustment avoids?
You’d need a state actor stacking ASICS now waiting for a 50% drop in hash while also needing 51% of current hash. They’d spend ungodly amounts just to set this up, the only benefit would be to kill Bitcoin off. Theres 0 economic benefit.
To really kill it they’d have to keep this machine offline in the shadows and keep continuing to attack when difficulty got to a level it was viable.
0000 sats