3 ms·
> Bitcoin has a difficulty bomb too, so Bitcoin will eventually self-destruct, if nobody steps up to coordinate a new fork of Bitcoin and a majority of users ac
by knocte 4y ago
> Bitcoin has a difficulty bomb too, so Bitcoin will eventually self-destruct, if nobody steps up to coordinate a new fork of Bitcoin and a majority of users accept the new fork.
What bullshit is this? bitcoin doesn't have a difficulty bomb
- jlokier 4y agoIt has a much weaker version, it's just not called a difficulty bomb, it's called the 21M bitcoin limit and the halvings leading up to it. As that limit is approached, Bitcoin mining gradually becomes less profitable. https://www.cnbctv18.com/cryptocurrency/what-happens-after-all-bitcoins-are-mined-and-network-reaches-its-final-cap-of-21-million-13022482.htm https://www.cnbctv18.com/cryptocurrency/what-happens-after-a...