BlueGoat

3w ago

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?

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Do you have thoughts?

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Replies

sitting at an airport bar

@ArtSetsYouFree

3w ago

Who cares

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be

@be

3w ago

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.

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BlueGoat

@BlueGoat

3w ago

What % of hashrate will foundry have before that happens is the big question

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❒ PictureRoom

@colincz

3w ago

They’ll come online it’s inevitable

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