Re:Celsius Appears insolvent, and it's taking the whole cryp...
by hackernudes on Tuesday June 14, 2022 @12:41PM
(#31742039)
It totally is like BitTorrent. As long as some people are willing to run the software (mining + full nodes) it will work.
The "feedback loop" you describe would reach equilibrium due to difficulty adjustment (blocks could be really slow for some time). Granted it would then become cheaper to 51% attack. Maybe one could consider Bitcoin "dead" at that point but it would still be working.
The "feedback loop" you describe would reach equilibrium due to difficulty adjustment (blocks could be really slow for some time). Granted it would then become cheaper to 51% attack. Maybe one could consider Bitcoin "dead" at that point but it would still be working.