Very interesting theory from Jason Lowery (is he on nostr ?) about the benefit-to-cost ratio of an attack:
Nature increased the cost of an attack by growing goads (in this case the cost of an attacker getting hurt) to decrease the benefit of an attack
#Bitcoin projected it into cyberspace with miners protecting the network by using energy to secure it. This increases the cost for an attacker who has to spend more energy than 50% of the network to compromise the network
At the end it would create an alternative chain that eventually gets rejected by other participants what would lead to a forked and worthless shitcoin
#bitpower #softwar #jasonplowery
https://www.mitbitcoinexpo.org/streaming
derBitcoinier / DerBitcoinier
npub16c…njcnm
2023-04-29 08:57:47
Author Public Key
npub16ct35en6vxvtw4u9cl288mjtgw55hypk4m47qhufw0l46qf58gwqqnjcnmPublished at
2023-04-29 08:57:47Event JSON
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"content": "Very interesting theory from Jason Lowery (is he on nostr ?) about the benefit-to-cost ratio of an attack:\n\nNature increased the cost of an attack by growing goads (in this case the cost of an attacker getting hurt) to decrease the benefit of an attack\n\n#Bitcoin projected it into cyberspace with miners protecting the network by using energy to secure it. This increases the cost for an attacker who has to spend more energy than 50% of the network to compromise the network\n\n\nAt the end it would create an alternative chain that eventually gets rejected by other participants what would lead to a forked and worthless shitcoin\n\n#bitpower #softwar #jasonplowery\n\nhttps://www.mitbitcoinexpo.org/streaming",
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