POW CHAIN 51% ATTACK THEORETICAL COST in $ #powstr
Top coins are BTC LTC in terms of safe HASH - NODES - LOW FEE PAY /EASE OF USE
SOV = BTC only
Discussion
Energywise more than 20 nuclear power plants i guess
reward remains SAME even hash drops by - 80%
REWARD FIXED = HASH / ENERGY / HARDWARE UNLIMITED
barring any other block manipulation on chain
uncle powell gives me load 2 trillion dollar out of thin air - i can STAKE Viltalik and all his goons in my mastreo node
even out 99% coin is mined in POW - energy based hashing plays a big role for validation of blocks
what if Aramco BP TOTAL near energy takes over mining - aka hashing ? at the end it has profitable for them recover cost of dominance in hashing
I'm not defending POS, I just find it curious that this website you quoted represents it like that.
As a matter of fact this is something I've brought up a lot of times about a project like Cardano which, reading through their stuff and listening to them, sounds like they say they've produced a secure POS system, but I never get a clear and convincing explanation. So I remain firmly in the BTC POW camp.
openAI chapt also will say POS is better
Q u need ask - 99% coin reward is mined - fight for reward makes no sense even if price is big
what n why motivation of hashing in BTC chain and not in other chains from fiat profit motive?
becos industrical miners DONOT CARE about bitcoin - they wanna covert wasted ENERGY BP ARAMCO TOTAL -> tangible FIAT PROFIT
HASH CAN REDUCE but should NEVER FALL to make it easy of other large miners to 51% attack - provided people are still 905 coin ONCHAIN and not converted to ETF
Cheap to simply own ~30% of supply and control the market with order book manipulation.
correct - POW onchain has direct relation with derivative trading except - math n calc of value - dollar used as unit to measure - price and cost of attack
on-chain attacks basis and PURPOSE is different than OFF chain market derivative attack
if /when GOV controls 90% of minted supply - ON CHAIN activity has NO MORE VALUE
There are some POW PUBLIC chains which cannot attacked due to their algo / mining design !