Post
Topic
Board Bitcoin Discussion
Re: How are we going to beat the reptilians when monkeys are kicking our ass?
by
Iroh
on 07/09/2023, 23:58:43 UTC
quote author=348Judah link=topic=5465874.msg62805224#msg62805224 date=1694028141]
This alone is worth a thing we should give a second thought on, what will be the next phase of transaction fees when all the block reward are no more, could the incentives from transaction fees be satisfactory or give enough income as they have been having of all time, though this is a bitcoin community and i believe one thing is sure, which is the assurance of us crossing whenever we get to that stage.
[/quote]

By the time the block rewards are gone, the price of bitcoin would probably be through the rooftop and for transactions, the fees would likely increase just enough to continue to motivate miners.



author=hugeblack link=topic=5465874.msg62808366#msg62808366 date=1694084811]
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.
[/quote]

I guess on here, legendary members are thought to have gathered accurate information themselves during the journey from lower ranks, enough to teach and correct the misconception of new members.
On here, a legendary member may be ignorant and may also spread false information as truth but it  would be quickly debunked and corrected by other members who are more knowledgeable on that subject.