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Deim4563y4ish years ago I was so happy I made like 30 bucks from selling a bitcoin I had bought when the silk road scandal had occured....
LeFlawk40173y13 year old me wanted to buy bitcoin...parents said no
17 year old me could be rich
I was like, should I spend my last dollar on one of the very first asic rigs... naaaa 😔
@Condor no matter happens, there are always going to be miners who won’t stop and there’s a HUGE bunch of them who definitely won’t.
Bitcoin is too big to fail (Even the Winklevoss twins are on it)
The only problem I see with crypto currencies is the government and banks.. and if they start banning them then that’s when we will see the true power of people when dApps will prevail with the onset of Blockchain and the IPFS
@Condor Complexity is coupled to hashrate I believe, so shrinking amount of miners would automatically make it more appealing to mine again.
The real problem, I think, is transaction fee and transaction (verification) speed.
With high fees and slow speeds, no one will use it as a currency for everyday transactions.