BitcoinStu on Nostr: price doesn't follow hashrate actually, if you look at a correlation coefficient ...
price doesn't follow hashrate actually, if you look at a correlation coefficient you'll see nothing. That's just some BS Max Keiser likes to say.
What's concerning to me is that the hashrate has gone parabolic. And that is unsustainable. All parabolas blow off, it's like a law of physics.
I would not at all be surprised to see a coordinated nation-state attack in 2025 that attempts to deadlock the network by cutting the hashrate to the point where not enough blocks are found for difficulty to adjust. This type of attack has been theorized since the early days and we may be on the cusp of seeing it now.
The central banking cartel rules the world. Bitcoin is an existential threat to their power. They will do everything, and I mean everything, that they can to stop Bitcoin.
Hopefully there are enough countries with hashpower that will oppose such a coordinated attempt to deadlock the network, but based on the fact that basically every government on Earth participated in the Covid crackdown on liberty I wouldn't be so sure.
What's concerning to me is that the hashrate has gone parabolic. And that is unsustainable. All parabolas blow off, it's like a law of physics.
I would not at all be surprised to see a coordinated nation-state attack in 2025 that attempts to deadlock the network by cutting the hashrate to the point where not enough blocks are found for difficulty to adjust. This type of attack has been theorized since the early days and we may be on the cusp of seeing it now.
The central banking cartel rules the world. Bitcoin is an existential threat to their power. They will do everything, and I mean everything, that they can to stop Bitcoin.
Hopefully there are enough countries with hashpower that will oppose such a coordinated attempt to deadlock the network, but based on the fact that basically every government on Earth participated in the Covid crackdown on liberty I wouldn't be so sure.