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>The only certainty in life is change. Thank you for the platitude. And then, there's Bitcoin with its perfectly predictable supply curve, which flatly derail
by ur-whale 5y ago
>The only certainty in life is change.
Thank you for the platitude.
And then, there's Bitcoin with its perfectly predictable supply curve, which flatly derails your argument.
- bhaak 5y agoA condescending answer that totally ignores everything else that is in the comment you are replying to. You have with no word said why one would want a predictable supply curve. Ethereum's supply curve is lower than it was promised in the ICO. Just because Bitcoin has now a "perfectly predictable supply curve" that is no guarantee that it will be in the future? In a few years the block reward will be so small that the security of the chain will be reliant on the fees. A fee market has lots of negative implications, one of the worst is that you can pay miners directly to include transactions without using Bitcoin for the fees.
- nootropicat 5y agoBitcoin supply curve is a lie because security from fees is too low and unstable. Bitcoin only had $548k in fees yesterday, and the trend is downwards. A fundamentally insecure chain has a negative feedback loop: no reason to pay any fees to use it, which makes it even more insecure. Bitcoin in the future is going to either be forced to introduce tail inflation in a hard fork, or start depending on secure external consensus (most likely ethereum) in a soft fork. Either option completely destroys any narrative bitcoin ever had. https://cryptofees.info/ https://cryptofees.info/