I have a question:
Is hashrate a relevant metric to measure Network's Strengh?
I think is not but interested in hearing counter arguments here
Why Not?
- Because the only real thing that matters is how much money an adversary would need to attack the network and that is measured in terms of money needed on electricty and hardware plus infra
- Hashrate will continue to grow even if the network total strengh goes down. One of the latest AntMiners is capable of producing 10X or even more than previous versions of antminers so if I see hashrate going up 10x may simply mean that I have replaced equipement without having spent more money to support the network
