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Re: BFL Power efficiency argument fallacy
by
firefop
on 24/11/2012, 06:24:12 UTC
If mining is a marginal industry then Bitcoin is, and always will be, marginal. Huh

Bitcoin Mining is just a subset of Bitcoin. Just because mining is marginal does not make the currency itself marginal.

Correct - also, mining isn't marginal - it's the core design... without miners there isn't a bitcoin network.

That being said - Everyone needs to just stop freaking out about ASICs. a single will make what a single makes, and a rig will make what a rig makes... You'll still be struggling for some percentage of the entire network. We need to start focusing on growing bitcoin as a network, instead of just profit taking.

Lets get those transactions fees high enough to replace the block reward entirely. Yes? Great...