Topic: Bitcoin Miners: a Conflict of Interest? (Read 2033 times)
Every miner most likely tells a few friends about their new endeavors. I know I did.
I'm curious. I think it's a fair question, there are plenty of miners in BTC community at this point, and press will inevitably bring more miners into the system. How does everybody feel about it?
I'm fine with it. Builds a stronger network for us. There's a 21 million bitcoin limit on the whole economy, so no matter how quickly the coins enter, they're all going to enter at some point. More miners, I would assume, would indicate more users. More users means a stronger economy.
Mining is inevitable and rather than fear it we should embrace mining. One way that I think this could be done is by bringing the privilege of mining to the casual computer user who will make an investment to Bitcoin.
I'm new to the whole thing, but I would think that higher demand with a limited supply is ultimately a goal of Bitcoin users, especially the early adopters. While you may not be generating coins as quickly, the coins you do have are worth much more. It also gets us to the point where we can redeem them for a wider range of products and services.
Will edit based on feedback.
I know that even asking this question may seem like heresy, but I'm curious. I think it's a fair question, the BTC community is mostly miners at this point, and press will inevitably bring more miners into the system. How does everybody feel about it?
Who says the BTC community is mostly miners?
the BTC community is mostly miners at this point,
says who? and how does he (that says) know?Quote
and press will inevitably bring more miners into the system.
the more, the better.the network gets stronger with more processing-power and it will be harder to attack.
I may add :
- If only i discovered bitcoin sooner... :p
- If only i discovered bitcoin sooner... :p
I'm curious. I think it's a fair question, there are plenty of miners in BTC community at this point, and press will inevitably bring more miners into the system. How does everybody feel about it? [edit, did say: "mostly miners" edit 2: did say something to the effect of that the question might be unfair/heretical. i still don't think it is.]
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