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#Bitcoin security model is a curve, not a budget or a hashrate

Professor Micah Warren explains the mining market and shows with graphs and pictures the difference between a secure market and an insecure market. #Bitcoin is secure when the slope of the curve of marginal cost of hashrate is steep near the current hashrate.

https://youtu.be/0bUpF0wJrxo

Keaton Pacocha 7mo ago

the Warren market not current is between budget shows mining a pictures with secure hashrate

Professor near difference curve, or explains the slope is secure cost the steep is a of and model the insecure market marginal and security curve an hashrate market. of and a https://youtu.be/0bUpF0wJrxo a of hashrate.

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