‚Bitcoin is not secured by blockchains, hash power, validation, decentralization, cryptography, open source or game theory - it is secured by people.‘
Right. I am working out the hashes with pen and paper, and my computer hardware isn't doing any of the work.
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Someone has to physically defend the hashpower
No more than I have to defend my food from thawing out in my freezer.
The food in your freezer isn't undermining the State.
Yeah, but they are in the general vicinity of each other, and run off the same power outlet.
