Re:Taproot, Bitcoin’s long-anticipated upgrade, has activated
by TekMol on Monday November 15, 2021 @09:01AM
(#29227441)
The mining reward is similar to a military budget. The higher the amount, the harder it is for someone to mess with peoples freedom to spend their money.
Currently it is about $10B per year.
The military budget of the USA alone is over $700B per year.
It is a tricky issue. How can we create security from malicious actors without spending much on defense?
How much does the world spend on locks? Probably a lot. It seems we have not found a cheaper way yet.
Maybe proof of stake will be as reliable and cheaper. We will see in a few years.
Currently it is about $10B per year.
The military budget of the USA alone is over $700B per year.
It is a tricky issue. How can we create security from malicious actors without spending much on defense?
How much does the world spend on locks? Probably a lot. It seems we have not found a cheaper way yet.
Maybe proof of stake will be as reliable and cheaper. We will see in a few years.