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A comment on Bitcoin's mining difficulty has increased by 41.9% over the last 30 days. Parent comment
This attack allows double spending and censorship. It does not allow to directly steal someone's BTC.
> Also, when a bank charges me 1% for a wire transfer, they pay salaries from that money and some people buy food.
And horses are pissed at cars.
> The power burnt by BitCoin is actually literally immediately irrecoverably physically wasted.
No, it is not. It buys security in a way which traditional banking is not capable of providing.
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This attack allows double spending and censorship. It does not allow to directly steal someone's BTC.
> Also, when a bank charges me 1% for a wire transfer, they pay salaries from that money and some people buy food.
And horses are pissed at cars.
> The power burnt by BitCoin is actually literally immediately irrecoverably physically wasted.
No, it is not. It buys security in a way which traditional banking is not capable of providing.