2 ms·
> That which is finite. Finite-ness is over-rated [1], and for Proof-of-Work cryptocurrencies, harmful to long-term stability [2]. [1] https://john-tromp.medi
by tromp 6y ago
> That which is finite.
Finite-ness is over-rated [1], and for Proof-of-Work cryptocurrencies, harmful to long-term stability [2].
[1] https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153 https://john-tromp.medium.com/a-case-for-using-soft-total-su...
[2] https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf https://www.cs.princeton.edu/~arvindn/publications/mining_CC...
- blunte 6y agoFinite in the context of collectibles thus far tends to mean "a small few". Even if it means "quite a few", it's still an absurd stretch to say that 21 million is the kind of finite that makes for a collectible.
- xiphias2 6y agoMaybe you are right, but I'm afraid we won't live the day when Bitcoin gets 0 mining reward. Long term we're all dead (I can always hope for the opposite though :) )
- atemerev 6y agoThere will always be an incentive in collecting transaction fees.