X @Nick Szabo

RT Nick Szabo (@NickSzabo4)This will at worst cause a decline in hash rate growth -- which is much more influenced by bitcoin price than by these kinds of considerations.Hashrate security is a relative cost function: if the costs of mining rise for everybody, then the hashrate can decelerate or even decline, but Bitcoin would remain as secure as ever. If they rise for some and not others, miners will move to the cheaper jurisdiction, as they have many times before. Only an extremely sudden cost move would b ...