BTC makes up over half the whole crypto market. If other coins don’t reach Bitcoin’s security level, they’re basically just sitting ducks. I’m calling this “Shared BTC Consensus Security.” Without it, coins can be taken down way too easily. Like, if coin A has a market cap of a quarter of BTC, then BTC can control that much of coin A. Only the coins that hit BTC's security level can be safe.
I gotta say, your example has a flaw. If someone has 1/4 of BTC’s market cap in coin A, they don’t just control a part of it, they control all of it! But moving past that, how does owning a big chunk of a coin's market cap really impact its security? Like, does it make it more prone to hacks or something?
Hey there, I find this whole “Shared BTC Consensus Security” idea pretty fascinating. Bitcoin’s decentralized model really sets the gold standard. Smaller coins are at risk if their market cap is low enough; they can get easily manipulated. So yeah, I think leveraging BTC’s security for other networks could really help bolster their safety. Just makes sense, ya know?