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Why would there be no miners? Do you realize that the difficulty is adjusted with the number of miners? If 99.999% of the miners went away you would just mine t
by drexlspivey 5y ago
Why would there be no miners? Do you realize that the difficulty is adjusted with the number of miners? If 99.999% of the miners went away you would just mine the next block on your laptop which is what was happening in 2010.
- verdverm 5y agoIt was a hypothetical, to explain why you can't spend bitcoin if there is no mining activity. See the rest of the thread in both directions. If BTC difficulty was low enough the laptop mining was profitable, BTC would be priced much lower anyhow, maybe close to zero because it is increasing difficult to turn it into spendable fiat. Ya know, under the hypothetical that the Govt does squash cryptos as Ray Dalio suggests will happen. I think that is likely, only if, they threaten the national currency, which they do not look to be capable of.