The biggest danger to #bitcoin right now is that there is too much hashrate in the US, and the current administration seems to want even more. How can we get other countries to mine?
Discussion
They’ll come online it’s inevitable
Hash rate follows a mixed motive game, in theoretical game theory. Having stake in the security of the network and making it decentralized is only useful if they see Bitcoin as a monetary network worth participating in. I suspect that many more nations will start engaging in mining as Bitcoin’s network effect, and benefits at the nation state level, is realized.
What % of hashrate will foundry have before that happens is the big question
Who cares