His arguments about the feasibility of a 51% attack are off by an order of magnitude, and the fact that you can't easily reduce the amount of energy needed to mine is a feature, not a bug
> and the fact that you can't easily reduce the amount of energy needed to mine is a feature, not a bug
We'll have to agree to disagree about that. Most people consider gross inefficiency a bug, especially when that inefficiency is a necessary part of the design.
lisper|1 year ago
About that:
https://blog.rongarret.info/2023/04/bitcoins-value-propositi...
(I'm the author, BTW.)
> and the fact that you can't easily reduce the amount of energy needed to mine is a feature, not a bug
We'll have to agree to disagree about that. Most people consider gross inefficiency a bug, especially when that inefficiency is a necessary part of the design.