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A comment on Many Bitcoin Miners Are at Risk of Turning Unprofitable. Parent comment

Re:Many Bitcoin Miners Are at Risk of Turning Unprofitable by jchrisa on Wednesday April 18, 2018 @11:25AM (#16868116)
By definition it can only get worse or fail. The amount of energy spent defending the blockchain must be proportionately more than the amount of value stored on the blockchain. So if we organized the entire human economy on bitcoin, we'd spend 51% of our total global economy on energy to burn running the currency.
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Re:Many Bitcoin Miners Are at Risk of Turning Unprofitable by esrauch on Wednesday April 18, 2018 @12:59PM (#16868934)
Isn't it just the cost to mint a new coin that has to be proportional? As in, it can cost more than a cent to make a penny but each penny is used in more than one transaction.

I understand that the transaction cost is also quite high with Bitcoin but that isn't intrinsically necessary (like the cost to mint is).

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Re:Many Bitcoin Miners Are at Risk of Turning Unprofitable by sowbug on Wednesday April 18, 2018 @09:22PM (#16872648)
You're going to need to show your math for that one. It's somewhat similar to the argument that you can't put a value on a human life, therefore [insert position] is unassailable.
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