Its true. Miners need enough revenue to keep competing and keep the difficulty high. With every halving, miners revenue is cut in half.
Bitcoin price will keep going up, you can say, but USD is a shitcoin, if we don't generate enough BITCOIN revenue for the miners, the hashrate will keep falling and we will be more and more vulnerable to nation state attacks.
power gets cheaper and the hashrate continues to go up
If power becomes cheaper, its cheaper for you and for the attacker. How will that mitigate the 51% attack?
I watched the video but it just says you can make changes to the Bitcoin protocol to fight against a nation state attacking the network with 51% of ASICs. How is this a solution? What is that change?
Nobody knows what that would look like, but measures would be taken if the time comes.
I'm not sure why you just assume the state is going to be able to seize all asics without blowing anything up.
the state is good at violence, not much else
