if you read carefully what I mean behind that expression you would understand.
Hashrate is definitively a very vague proxy for total network power. In the end what you want to know is how much mony an adversary would need to attack your network
with 5,5kw today you can easily produce 580Thash/s with the upcoming Antminer
with an Antminer S9 from the past you would produce 10% of that hashrate with the same electricity
it means that overtime, without increasing the dollar amount spent on the network you would have seen a 10X increase in hashrate with people all over twitter claiming that we are doing ATH and that the network is more secure
but is just simple math.. the network is secured by electricty/hardrware/infrastructure. Whoever joins now as an adversary will have access to equipment that is very efficient so it's all about the money spent on those elements.. hashrate is a side effect
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dude hashrate already reflects that, already reflects hw mining improvements, its not a strange proxy its the most accurate signal, if with the same money you can get a miner that 10x, others will too, and hashrate will 10x reflexting that, meaning that that is the new baseline, that why difficulty adjustment exists already taking into account HW improvementw.
this is like if I'm protecting the network with the amount spent on hardrives but instead of measuring the money, I'm measuring disk space
man, when I started with my first computer, a 100mb drive was like the largest I could ever dream of... so disk space would definitively not be a great proxy.
but if you really really think Hashrate is a great proxy then we can pause here becuase it looks like we think of math very differently.