I hope so. But one of Bitcoin’s inherent flaws—the reduced supply system involving halving—will, over time, result in individual and home-based mining efforts also losing their incentive. This i...
I see another vulnerability in the 21 million bitcoins.
If governments and banks want to neutralize bitcoin, they can buy up all or the vast majority of the coins.
Bitcoin maximalists describe Bitcoin's battle with governments and banks as an epic Hollywood drama. It's more profitable for governments and banks to slowly and quietly buy up all the coins. They're doing this successfully now.
When the supply of coins is strictly limited, they are easy to buy up. It is impossible to buy up only those coins whose quantity is unlimited.
If governments and banks want to neutralize bitcoin, they can buy up all or the vast majority of the coins.
Bitcoin maximalists describe Bitcoin's battle with governments and banks as an epic Hollywood drama. It's more profitable for governments and banks to slowly and quietly buy up all the coins. They're doing this successfully now.
When the supply of coins is strictly limited, they are easy to buy up. It is impossible to buy up only those coins whose quantity is unlimited.
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