Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Maybe that revelation will become more apparent in the next period from inflation. :-)

Many world currencies are pushing 20% (reported figures, so reality is much higher).

Btw Bitcoin was invented in 2008 with the explicit purpose of being an inflation hedge, cannot be debased.



Oh, Bitcoin has much bigger problems than inflation. It's going to run out of mining incentives in less than half a decade at this rate, and transaction prices are so high that you may as well just declare it dead for conventional purposes right now. I was on the Bitcoin bandwagon back in 2014, but it's current state gives me no hope for the future. Again, I'd love to be proved wrong, but adoption rates and social issues do not a successful currency make.


No no, mining will occur until ~feb 2140. We are nowhere close to the mining incentives disappearing. Transaction prices are currently 1sat/byte $0.09/tx (cheapest possible price). If the last time you dabbled was 2014, I would encourage a review in 2021 as maturity has greatly increased. It’s still early too. There will only be 243k Sats per human on Earth. Get stackin’


I would give anything to have this kind of faith in the blockchain again.


I dunno if you know this but miners get the transaction fees, so as the work gets harder the fees will go up.

It doesn't matter if there's no more block reward because the ledger still has to be "signed", and the tx fee is what will pay for the work.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: