Mining is what protects public blockchain from forgery in the current design.
So it is essential for Bitcoin that mining remains (barely) profitable indefinitely.
Topic: net integrity, mining how important (Read 1235 times)
Bitcoin is actually pretty low traffic. It wouldn't take much to keep an island connected. And even if updates came at strange intervals, it could remain useful.
Mining will continue because fees will gradually increase as the subsidy decreases. At least that is the plan.
Mining will continue because fees will gradually increase as the subsidy decreases. At least that is the plan.
just trying to get my head around a few comments i've read regarding both gov attacks and also iran:
"we're studying the protocol" and "no miners, no currency"
Well, the 2nd one there says no currency if no mining but surely the inflation stops at some point anyway? I was under the impression that at that point it's just clients, and then hopefully more secure against mining related attacks. People will still mine because of difficulty changes right.
To be honest i thought i understood but now i'm not so sure.
Also, having connectivity is important too... I don't understand the details though... I think you just need a minimum of say 4 nodes? These could be manually entered right? And perhaps even transmit the blockchain semi manually... Using rsync even i wonder... If that can do partial files...
Just wondering how secure the network is, getting a better understanding... I wonder how bad routing can get before things get shafted. For example if iran block at the borders could one wifi link over the border in theory sustain a whole country...
"we're studying the protocol" and "no miners, no currency"
Well, the 2nd one there says no currency if no mining but surely the inflation stops at some point anyway? I was under the impression that at that point it's just clients, and then hopefully more secure against mining related attacks. People will still mine because of difficulty changes right.
To be honest i thought i understood but now i'm not so sure.
Also, having connectivity is important too... I don't understand the details though... I think you just need a minimum of say 4 nodes? These could be manually entered right? And perhaps even transmit the blockchain semi manually... Using rsync even i wonder... If that can do partial files...
Just wondering how secure the network is, getting a better understanding... I wonder how bad routing can get before things get shafted. For example if iran block at the borders could one wifi link over the border in theory sustain a whole country...
Jump to: