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/biz/ - Business & Finance

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50580915 No.50580915 [Reply] [Original]

Name one reason why miners will continue costly mining operations after block rewards have almost depleted.

Bitcoin's value comes from the security brought by miners and when they are gone, so will Bitcoin's worth.

>> No.50580946 [DELETED] 

Automated/pol/ bot
Ignore and report
Send him back

>> No.50581140

>>50580946
Why does seeking intellectual discussion make me a bot?

>> No.50581156

Op image is ascociated with /pol/ bot any statement made by OP are to be ignored and considered spam

>> No.50581159
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50581159

>>50580946
>>50581156
coping btc maxi.

>> No.50581186

Statements by frogs and bots are ignored by default and not read

>> No.50581229

>>50580915
Two words. Fee. Market.
Thanks for coming to my Ted talk, now please sell all your bitcoin and go fuck yourself.

>> No.50581339

>>50580915
difficulty adjusts

>> No.50581560

>>50581229
>>50581339
The block rewards associated with fees represent only 2% of block rewards. It's literally nothing to support mining operations even if the difficulty goes down. And if the difficulty goes down, the hashrate goes down and that means fewer miners are required to take over the network. No bueno

>> No.50581674

either the price is in the millions or only the mega efficient and with free/cheap power remain profitable

>> No.50581699

>>50581159
xqc + asss
nice

>> No.50582636

>>50581560
Bitcoin will fork again and the dominant fork with the OG BTC branding will be some PoS faggotry

>> No.50582748

>>50580915
bitcoin is more fungible than cash. and despite it's technical nerfing by blockstream inc., it is still readily usable worldwide as a means of exchange that is devoid of intermediaries.

>> No.50582766

>>50582748
and as such, it is the greatest invention since the telephone.

>> No.50582818
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50582818

>>50581560
just look at tech history, it always repeats itself
bitcoin is like NES, except it's 21 million instead of 8-bit
soon we'll see a fork called Super Bitcoin, and it will be 42 million instead of 16-bit

>> No.50583119

>>50580915
gpt3 bot thread
it's now picking old bitcoinTalk threads and rearranging them to post on 4chan

>> No.50583157

>>50582818
forks are easy, and there have been thousands. ethereum was promising until it forked into wall st coin, whose owners could change the rules to protect their profits. the next iteration on the bitcoin model will have some killer app for protecting keys. what that is is atill in development and is a concept as alien to your grandma as television was to hers.

>> No.50583209

>>50583157
and much like bitcoin, the first ones to understand and utilize it will be unceremoniously transported into being the new masters of their own lives on earth.

>> No.50583232

>>50580915
>after block rewards have almost depleted
By that time either BTC will have been totally obsolete or the need for miners will have been long removed. Yes in its current form its unsustainable but we still have over 100 years to modify it.