Replying to Avatar coindays.org

The greatest threat to #Bitcoin's reign isn't government regulation or competition from other #cryptocurrencies, nor institutional custody from #TradFi players like BlackRock, but rather something much more unexpected - free electricity! 💡 If energy became freely available, mining would no longer be profitable and the entire network would collapse. 🤯 #BTC $BTC #nostr
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Enoch 2y ago

I humbly disagree.

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coindays.org 2y ago

The current economic model underlying #Bitcoin's security relies on the cost of energy to incentivize miners to secure the network. Without profits, miners lack motivation to dedicate resources towards securing the network. Moreover, if the cost of electricity were to approach zero, a malicious actor could potentially manipulate the blockchain with minimal effort.