Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
stereotype
on 21/05/2015, 07:46:14 UTC
For the people clambering on about phone mining, listen to this:

https://m.soundcloud.com/elux-1/21-inc-embedded-engineer-on-whaleclub-teamspeak

Thank you. Very interesting. Cool stuff. But...

It still sounds like just processing and relaying transactions. I don't see how these devices would ever find a block, or ever get paid out even if they did.

Doesn't sound like the block rewards are the goal though... Very interesting...
Yep, thats what i got from it.

Sounds like we have fast forwarded to the time we are approaching 21M bitcoins, and this stuff would be the answer to no more block rewards. No?