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RE: At what price-level will you ACTUALLY buy Bitcoin again? 📉📈 What's YOUR buy-in price?
PoS dead? Did you mean to say PoW is dead?
They had to put those next to each other on the keyboard. Fixed.
I'm not making a prediction, I don't know that it's even 25% likely. But if it's 10% likely it's trouble.
The only things that matters in a blockchain are decentralization and the security, censorship-resistance and trustless environment it brings.
The resource cost is also a pretty big deal.
That's what I thought too for a while. But now I see it as a feature. If the Bitcoin network uses up as much electricity as the country of Ireland (as I've read) then that means that the Bitcoin network costs as much as half that in order to compromise it. That is some serious security.
If you want to transfer 1 billion USD, you want the absolute best reliable security available, and Bitcoin's high energy cost is a pretty damn good safeguard that's only getting better and better.
Andreas Antonopoulous further had some interesting things to say about resource cost too: