aback

6 ms·

1. 31.▲
   by aback 11y ago

   This reflects a misunderstanding of the drivers of mining costs. Mining only costs a lot because coin value is high and the block reward is high. This means miners are willing to spend more to win the reward. As the block reward lowers then
2. 32.▲
   by aback 11y ago

   > Without artificial scarcity of block space Or natural scarcity, which already exists.
3. 33.▲
   by aback 11y ago

   > The nature of Nakamoto consensus is such that consensus parameters are not up to vote. One of two things must therefore be true: 1. If consensus parameters cannot be voted on then Bitcoin is a failure, and Core's huge war against