The incentive to attack #Bitcoin    is proportional (figuratively, not mathematically) to the hashrate.

End of security "budget" discussion.

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Agree 🤙

But that assume that humans act rational. A big flaw imo.

It's impossible for a human to act irrationally.

Every intentional action is for a reason, rational to the human itself.

It's only "irrational" from the perspective of someone else.

See Mises, Human Action.