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A comment on When Bitcoin miners take over a town (2018). Parent comment

Re:When Bitcoin miners take over a town (2018) by CyberDildonics on Sunday February 21, 2021 @05:44PM (#26218095)
This is groupthink propaganda nonsense. Bitcoin can only do 1.5KB/s of transactions and the average transaction costs $26. Any rapid decrease in price will lead to rapid decreases in mining and thus transaction throughput. Does this seem like the future of financial transactions to you?
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Re:When Bitcoin miners take over a town (2018) by scotty79 on Sunday February 21, 2021 @09:36PM (#26220137)
Transaction throughput doesn't depend on network hashrate. It gets adjusted to keep fixed througput.
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Re:When Bitcoin miners take over a town (2018) by CyberDildonics on Monday February 22, 2021 @10:08AM (#26225352)
In the short term it does. The block difficulty adjusts but not immediately. If hash rate drops rapidly, the time between blocks will lengthen, the time to adjustment will lengthen and the throughput will drop.
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Re:When Bitcoin miners take over a town (2018) by scotty79 on Saturday March 06, 2021 @06:48AM (#26366800)
Yes. Bitcoin adjust difficulty to hash rate every two weeks. So if you drop hashrate more rapidly than that you can have lower transactuon throughput for up to two weeks. One on average.
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