I don’t think @dotkruger is on #nostr (yet) ?
But his latest interview with Bob Burnett is a great intro into mining and the possibility of a nation state or even an orchestrated coordination of nation states to attack bitcoin by switching mining capacity at the network’s most vulnerable moment in time: the block just before the difficulty adjustment.
The network expects more capacity so the difficulty has just I creased. Now we switch a lot of hash rate off. Now the network grinds to a block per day instead of block per 10 minutes 🤯
This means the next difficulty adjustment isn’t in two weeks in 4 years 😱
This is a serious attack vector.
Next time you cheer for another big mining project coming online in the USA 🇺🇸, ask yourself: is this really making the network safer in the long run?
Probably that hash rate should have been deployed in a not-friendly jurisdiction instead of centralised in the USA.