Latest Proposal• US Gov to Buy 200,000 BTC annually for 5 years • Hold for at least 20 years • Goal: Halve the U.S. national debt in 20 years

[u/WineMakerBg]

source

[u/HSuke]

Being more rational than the Bitcoin maxis apparently.

Bitcoin is a $2T network being protected by $20B of mining equipment. What what happens when it's much more valuable? How much is it going ro cost to secure the network? 10% of global energy? 40%?

Its security ratio of 1% is already laughably insecure. Imagine later on being able to wipe out $500T worth of value using only $50B. Easy nation-level attack

[u/Kavinsky303 → u/HSuke]

It’s not just about throwing $50B at some mining rigs. You also need insane energy, infrastructure, and supply chains. Good luck hiding that.

Miners have huge skin in the game and won’t just roll over. As Bitcoin’s price grows, difficulty ramps up and security gets stronger.

And all that ‘Bitcoin’s gonna use half the planet’s power’ talk is overblown. Basically, a 51% attack is way harder and more expensive than people think. It’s not just a simple ratio of network value to hardware cost.

[u/HSuke → u/Kavinsky303]

Strongly disagree. China can single handedly do it in 5-10 years. They have more chip fabs than the rest of the world.

Energy cost for a 2 day attack is under $10M. Energy cost to protect for 10 years is 7000x the cost to attack.

And attacks are intrinsically profitable due to selfish mining efficiency.

[u/HSuke → u/HSuke]

Bitcoin miners are selfish. They're not going to defend if they keep losing money day after day. It's so much easier to attack PoW than to defend it

[u/Erowid2S → u/HSuke]

Thank you