I've mentioned this before in another thread (which died quickly, strangely enough), but how will we be able to ensure mining's sustainability without making a change in the model of how the TX fees are being charged?
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? Will CPU/GPU miners be able to pick up their slack?
Topic: Long-term sustainability of Bitcoin - page 3. (Read 3550 times)
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
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!
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
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"
POS might as well stand for Piece of sh**
It 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
Tell you what, i will give you a chance to explore why POS model faces even bigger "challenges"
POS does face challenges, though they are outside the scope of the video. Mining centralization has been talked to death already, it's true, but the block reward issues are not as widely discussed. Check the 21:40 point in the video for details on block reward issues.
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"
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!
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