Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
d_eddie
on 21/08/2024, 12:50:58 UTC
⭐ Merited by psycodad (1) ,JayJuanGee (1)
if mining is reduced 100% all the mined coins are stuck and basically have no protection against double or triple spends if two people start to mine.
If mining is reduced 100%, all transactions stop and protection against multiple spends becomes unnecessary.

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reality is you want btc to stay with a high price you need lots of mining.
I agree, but this has nothing to do with the rate of "production", which is basically predetermined and vanishing. You know this.

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gold baseline price is not protected by mining in the same way.
Right. On the contrary, it could be argued that the price is hurt by mining.