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A comment on Bitcoin Halving Just Occured. Parent comment

Re:Bitcoin Halving Just Occured by kortilla on Monday May 11, 2020 @04:50PM (#23146909)
That effect goes the other direction though. The price has to go up for people to bother to produce. If the speculation dries up a bit, the price won’t increase and this halve reward will wipeout miners with low margins and the remaining will still keep producing the same amount with a higher cost.

Remember, production is built right into the protocol. 10 miners could keep the network going at the same pace.

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Re:Bitcoin Halving Just Occured by gridlockd on Monday May 11, 2020 @06:21PM (#23147809)
> Remember, production is built right into the protocol. 10 miners could keep the network going at the same pace.

A network with only 10 miners could easily be attacked with minimal effort. The only thing stopping the attacker would be the fact that it's a waste of time, because a cryptocurrency with only 10 miners is worthless.

Wiping out too many miners at once is dangerous business.

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