Re:Binance founder 'CZ' leaves prison on Friday–along with h...
by pants2 on Friday September 27, 2024 @12:34PM
(#41672606)
Bitcoin can't always be proof-of-work. Given the capped supply, the mining rewards will eventually diminish to the point that the network is no longer secure. It will have to transition to proof-of-stake or some other mechanism long before that happens.
[ Parent
| on HN ]
Re:Binance founder 'CZ' leaves prison on Friday–along with h...
by tromp on Friday September 27, 2024 @12:37PM
(#41672644)
It intends to rely on fees, i.e. to have a constant backlog of high fee paying transactions. We'll see how that plays out within a few decades as the block subsidy becomes insignificant.
Re:Binance founder 'CZ' leaves prison on Friday–along with h...
by pants2 on Friday September 27, 2024 @12:39PM
(#41672670)
Transaction volume goes up and down. Just look at ETH gas prices - varying between 1 and 1000 month-to-month. BTC holders aren't going to be OK with a temporary lull in transactions leading to a double-spend attack etc.