Post
Topic
Board Bitcoin Discussion
Re: Proof of stake mining of bicoin
by
inBitweTrust
on 27/12/2014, 08:45:26 UTC
Don't forget bitcoin gets a lot weaker at every halving.
Good luck having your wealth in a POW coin with inflation below 2%.

Define "weaker" in your suggested context and provide historical evidence to support this claim.

He means that if the price of Bitcoin doesn't double at every halving then the security of the chain will decrease proportionally with decreasing mining ROI.

Hopefully, he doesn't mean this because he is stating it as a fact when it is ahistorical, and rightfully so because of the laws of supply and demand would make it very likely that the price will at least double.

Any clarification on what evidence that bitcoin gets weaker with each halving?