Quote from: Eclipse33 on September 06, 2023, 11:16:44 PM

I was reading up on this today, please read this article.
https://river.com/learn/files/river-bitcoin-mining-zettahash-report.pdf
This article goes into detail on how hash rate will increase over time exponentially.

I quit after one page, the same promo bs on how putting your money in their business is a good idea.
Besides I'm really getting tired of how something simply having more hashrate is making the network more secure, it's all down to cost, to attack this so let me explain it for you without the mumbo jumbo the others were saying to make you lose your money in their scheme

- Right now hashrate is at 400 exahash translated into 4 million gears of 100th/s with a cost per piece ~2000.
- in May 2013 the hashrate was 100th/s, was the network protected by gear worth $2000? Could you attack it with $2000?

Hahsrate alone is a meaningless number, what it matters is how much money you have to pour in to obtain it!

Quote from: hatshepsut93 on September 06, 2023, 11:08:35 PM

Blocksize increase will definitely happen sometime in the future, and it might result in higher block rewards because more tx per block = more fees. But would it alone make mining more sustainable? Probably not.

Prepare to get pitchforked for this! Grin

Quote from: hugeblack on Today at 11:06:51 AM

The challenge lies in the source of the information. Many people repeat the same articles on the Internet, which are rarely correct or carry technically correct data, and then move to Twitter, which means the number of followers and the number of retweets is an indication of the accuracy of the information, which is wrong, so the problem is that there are many False information that people circulate to become facts without searching for its source or verifying its authenticity.
Even the trust here is based on the number of merits you have collected, so incorrect information from a legendary account can be more accurate than correct information from a newbie account. Everything that happens confirms our failure to find an accurate and impartial crypto source of information and therefore is not suitable for beginners.

While I agree with what you said as a definition and situation per se, is there a deeper something-something hidden that refers to my own assumptions? Cause like now I feel like getting in defensive mode over any of my claims if one or other do need such!

Quote from: DaveF on September 06, 2023, 10:16:53 PM

Think of how long it took for people to go from barter - to gold / silver / coins - to paper money - to.....

It also took humans about half a million years to realize hitting with a rock tied to a stick is more efficient than with a rock in your hand.
Look how long it took to go from cheques and landlines to smartphones with NFC payments Wink