₿itcoin ₿ombadil on Nostr: Security budget fear-mongers conflate idiosyncratic risks for individual miners with ...
Security budget fear-mongers conflate idiosyncratic risks for individual miners with systemic risk for the entire #Bitcoin Protocol.
They under-appreciate price elasticity (difficulty adjustment), demand for Sound Money, and #Bitcoin’s Infinite Game qualities.
Published at
2023-12-11 02:42:19Event JSON
{
"id": "1f8f639c11d126cef6cb4d3a682e9def7b4fc8cf4badd4a13e3a1ab61815d35e",
"pubkey": "0afb025ba314958df9b82ba64202d5beb77c3d0299aa9c9f18f96e19c033fdc6",
"created_at": 1702262539,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
],
[
"t",
"bitcoin"
]
],
"content": "Security budget fear-mongers conflate idiosyncratic risks for individual miners with systemic risk for the entire #Bitcoin Protocol.\n\nThey under-appreciate price elasticity (difficulty adjustment), demand for Sound Money, and #Bitcoin’s Infinite Game qualities.",
"sig": "fa335cfcf3668e146abd3f5d1ed4bf08f5b402b6493a9c2cdc8011b2b403c80b9ebfd000ff0b5f654475d5eb519f0292442db214ae67de373c6183d7c305be62"
}
