Post
Topic
Board Economics
Re: Bitcoin halving to be canceled?
by
deisik
on 27/11/2015, 22:38:10 UTC
That would mean indefinitely creating bitcoins. It would be the wrong sign to miners since we already have too many miners. We need to drop some. The network is 100 times more secure than needed which translates in one normal bitcoin transaction using energy in the height of 1.57 average us households use on one full day. Bigger transactions even more

I'm not very familiar with technical issues involved with Bitcoin, though I think these issues can all be fixed (at least purely on technical grounds apart from requiring consensus between miners and all that shit). But the economic model behind Bitcoin as a currency is flawed, and it has been becoming more and more apparent now...

And then we are stuck at such simple things like the size of block, lol