Re:Bitcoin study: Period of exclusivity encourages early ado...
by freeflight on Friday July 14, 2017 @12:47PM
(#14771203)
But that's pretty much the same challenge any cryptocurrency faces and even BC faced in it's beginning. BC got past that hurdle to a certain degree, why can't something with actual "usability for the masses", in the form of an open, transparent and uncensored discussion platform, do the same?
The only reason the Bitcoin blockchain is mined so heavily is because of its tokens' high price -- and sufficient market depth, which can absorb miners cashing out their earnings -- which basically sets in motion something that can't be stopped until it reaches non-profitability, unless the entire world decides to forego profitable Bitcoin mining.