This completely misses the point, which was one of magnitude:

>> The upkeep cost for Bitcoin is, and by necessity must be, PROPORTIOANAL TO THE VALUE REPRESENTED by Bitcoin.

Also, that upkeep cost is 100.00% to protect the value of existing bitcoin.

C.f., gold:

> If you want to own some gold you need to protect it (usually with the state apparatus of violence, which has massive externalities).

I don't need continuous mining of bitcoin to protect my non-bitcoin stuff.

However, I do need the "state apparatus of violence" to protect my non-gold stuff, including things like my house and my body, and oh yeah, my fucking mining rig!

If all gold disappeared tomorrow, would anything about the "state apparatus of violence" change? No, of course not. That is absurd.