No. There’s a reason Bitcoin uses 10-minute blocks.
A block takes ~10 seconds to reach most of the world. At 10-minute intervals, the chance of two miners finding a block at the same time is just ~1.7%. If you cut that to 1-minute blocks, it jumps to ~15%.
That means: ⇒ Miners waste electricity on blocks that don’t count ⇒ More blocks get discarded as orphans ⇒ Consensus breaks more often—nodes disagree on which chain is real
It stops rewarding hash power and starts rewarding better internet. It pushes miners into data centers. Decentralization takes a hit.
Shorter intervals also mean 10x more data. Nodes need more bandwidth, faster storage, and more money. NO MORE HOBBYISTS 🥲.
Security doesn’t improve, you still need 60 small blocks to match the trust of six full ones.
“It will focus on acquiring and holding bitcoin and is set to merge with an existing Nasdaq-listed company in a transaction that’s expected to be announced early next week”
ERIC BALCHUNAS: IBIT is now 6th in YTD flows, surpassing GLD.
IBIT is only up 4%, while GLD is +23%.
IBIT's ability to attract more cash in this scenario is a positive long-term indicator, supporting the prediction that #Bitcoin ETFs will triple gold's AUM in 3-5 years.