I see what you say, however, since the proposal as I have read it says "And
this will keep happening as long as hashrate keeps rising," - what actually
happens in the case hashrate stagnates or falls?
I would prefer to see (not only with your proposal) greater bias toward
hashrate being expone
Hash rate cannot get “more uneconomical”. Mining will always seek a return
equal to the cost of capital, as does all production, and the energy expended
will always be fundamentally a function of the fee level and energy price. Fee
level is determined by variable demand for a fixed supply of con
