MYOBTC on Nostr: #Bitcoin security model is a curve, not a budget or a hashrate Professor Micah Warren ...

#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