This is a Peercoin video because the coin is dying and Mr bag holder needs a pump.
This thread should be in Altcoin Discussions not Bitcoin !!!
Topic: Long-term sustainability of Bitcoin - page 2. (Read 3550 times)
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If mining starts getting less profitable dues to block reward halving, then what stops the big players from pulling out of the BTC mining industry?..
If mining starts getting less profitable dues to block reward halving, then what stops the big players from pulling out of the BTC mining industry?..
There will probably be a larger number of transactions and BTC will likely have a much higher price, so mining should still be attractive even after block rewards are finished.
Agreed, if miners stopped mining there would surely be a raise in the price and then miners would start mining again. Not to mention all the people who would be trading and speculating on the price so fees would go up significantly I'd suspect.
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If mining starts getting less profitable dues to block reward halving, then what stops the big players from pulling out of the BTC mining industry?..
If mining starts getting less profitable dues to block reward halving, then what stops the big players from pulling out of the BTC mining industry?..
There will probably be a larger number of transactions and BTC will likely have a much higher price, so mining should still be attractive even after block rewards are finished.
I guess it depends on adoption only, if people use it it's all that matters. The coins can be divided so much that it's almost infinite. Price stability would be a concern tho.
Watched the video. The video is not about the long term stability of bitcoin, it is actually an ad for peercoin. But it is very infomative, some points are a bit shaky, and I learnt a bit more about PoS. Enjoyed the video, but still not interested in peercoin.
peercoin uses a flawed method of PoS and still uses checkpoints.The anonymous genius Satoshi invented Bitcoin. He also founded this forum.
It is not important who Satoshi is.
But, wouldn't it be nice to know, where did he go?
Proof-of-Stake!
Watched the video. The video is not about the long term stability of bitcoin, it is actually an ad for peercoin. But it is very infomative, some points are a bit shaky, and I learnt a bit more about PoS. Enjoyed the video, but still not interested in peercoin.
peercoin uses a flawed method of PoS and still uses checkpoints.Watched the video. The video is not about the long term stability of bitcoin, it is actually an ad for peercoin. But it is very infomative, some points are a bit shaky, and I learnt a bit more about PoS. Enjoyed the video, but still not interested in peercoin.
peercoin uses a flawed method of PoS and still uses checkpoints.Watched the video. The video is not about the long term stability of bitcoin, it is actually an ad for peercoin. But it is very infomative, some points are a bit shaky, and I learnt a bit more about PoS. Enjoyed the video, but still not interested in peercoin.
peercoin uses a flawed method of PoS and still uses checkpoints. Oh noes..... 
Another thread about mining and centralization...
Always love these altcoins trolling thread. Tell you what, i will give you a chance to explore why POS model faces even bigger "challenges"
Another thread about mining and centralization...
Always love these altcoins trolling thread. Tell you what, i will give you a chance to explore why POS model faces even bigger "challenges"
how does it face "bigger challanges"? care to explain that statement?
Watched the video. The video is not about the long term stability of bitcoin, it is actually an ad for peercoin. But it is very infomative, some points are a bit shaky, and I learnt a bit more about PoS. Enjoyed the video, but still not interested in peercoin.
Bitcoin is not sustainable long term. Rather than sit idly, the community should band together to actively subvert bitcoin mining and aid its decline.
https://bitcointalk.org/index.php?topic=693393.new#new
You know, you keep talking about how smart you are, but intentionally attempting to sabotage a market is a federal offense, and that is what you are asking people to conspire to do with you.
Not very bright considering you gave away info that would make it easy for SEC to pinpoint your identity.
on August 10, 2010 Bitcoin was hacked and 184 billion BTC were created.
... and ... you are whinging about what, exactly?
The fact that the community as a whole decided to effectively 'roll back the hack', invalidate the 184 billion fake BTC, and return the distribution to that of time t minus one block?
Yeah, I see how this is clearly synonymous with barons of monetary capital screwing the poor downtrodden developers.
Not.
The complaint appears to be that they did not roll-back all the blocks (ie: create a new genesis block), rather than just roll-back a hand-full.
I gave up trying to find a thread about the original incident, and just put them on ignore.
on August 10, 2010 Bitcoin was hacked and 184 billion BTC were created.
... and ... you are whinging about what, exactly?
The fact that the community as a whole decided to effectively 'roll back the hack', invalidate the 184 billion fake BTC, and return the distribution to that of time t minus one block?
Yeah, I see how this is clearly synonymous with barons of monetary capital screwing the poor downtrodden developers.
Not.
We are about the reach the ASIC limitation. How mining ecology system turn out is anyone guess.
Very informative and well presented video. Thanks for making it.
POS faces huge challenges in centralization. For example, the Ethereum crowd founding that was started and canceled earlier in the year, was going to keep a large chunk of Ether for the Ethereum Foundation while employing a POS algorithm. Since the Ethereum Foundation held the largest share of Ether, they necessarily would own 100% of Ether in time
This is a great point.You might want to subscribe to the Youtube channel. I hope to produce videos on some of the major attack vectors to POS (bribing large stakeholders, nothing-at-stake minting on multiple blockchains, long-distance attacks using addresses that used to hold coins, etc.) in future videos.
WTH are you talking about?! Are we even talking about the same cryptocurrency? Last time I checked, BTC uses POW, not POS!!!
on August 10, 2010 Bitcoin was hacked and 184 billion BTC were created.
Peercoin is the solution 
Hi everyone,
I just launched an "Intro to Peercoin" video where I explored in detail some of the long-term challenges of bitcoin network sustainability, such as:
If you're interested in bitcoin over the long haul, you might want to check it out.
https://www.youtube.com/watch?v=A2jx1TlkMBs
Enjoy!
I just launched an "Intro to Peercoin" video where I explored in detail some of the long-term challenges of bitcoin network sustainability, such as:
- Mining pools and centralization
- Reward halving and network destabilization
- Block rewards vs. transaction fees
If you're interested in bitcoin over the long haul, you might want to check it out.
https://www.youtube.com/watch?v=A2jx1TlkMBs
Enjoy!
Wait you're just attacking bitcoin and saying end it? Can't it be fixed if the community comes up with cures for what ails it?
Bitcoin is not sustainable long term. Rather than sit idly, the community should band together to actively subvert bitcoin mining and aid its decline.
https://bitcointalk.org/index.php?topic=693393.new#new
Why would the community decide to launch a separate coin and keep the original owner stakes of that currency as with bitcoin???!! Do you think poor people will actively decide to stay poor and keep the rich wealthy!!!!???
Of course not. The poor will rise up and take what they can from the rich. This is the way of things. The poor are not some cuckold slaves who want to be dominated by those in power. They will reject it.
Furthermore… Why, when 83 billion bitcoins were created as the result of a hack, did the community decide to keep the numbers of bitcoins distributed as they were?? This is ludicrous!! Bitcoin should have been restarted!!! SATOSHI FAILED!!!
WTH are you talking about?! Are we even talking about the same cryptocurrency? Last time I checked, BTC uses POW, not POS!!!
Hi everyone,
I just launched an "Intro to Peercoin" video where I explored in detail some of the long-term challenges of bitcoin network sustainability, such as:
If you're interested in bitcoin over the long haul, you might want to check it out.
https://www.youtube.com/watch?v=A2jx1TlkMBs
Enjoy!
I just launched an "Intro to Peercoin" video where I explored in detail some of the long-term challenges of bitcoin network sustainability, such as:
- Mining pools and centralization
- Reward halving and network destabilization
- Block rewards vs. transaction fees
If you're interested in bitcoin over the long haul, you might want to check it out.
https://www.youtube.com/watch?v=A2jx1TlkMBs
Enjoy!
Wait you're just attacking bitcoin and saying end it? Can't it be fixed if the community comes up with cures for what ails it?
Bitcoin is not sustainable long term. Rather than sit idly, the community should band together to actively subvert bitcoin mining and aid its decline.
https://bitcointalk.org/index.php?topic=693393.new#new
Why would the community decide to launch a separate coin and keep the original owner stakes of that currency as with bitcoin???!! Do you think poor people will actively decide to stay poor and keep the rich wealthy!!!!???
Of course not. The poor will rise up and take what they can from the rich. This is the way of things. The poor are not some slaves who want to be dominated by those in power. They will reject it.
Furthermore… Why, when 184 billion bitcoins were created as the result of a hack, did the community decide to keep the numbers of bitcoins distributed as they were?? This is ludicrous!! Bitcoin should have been restarted!!! SATOSHI FAILED!!!
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