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₱ⱤØⱠł₣ł₵ JØł₦₮Ⱬ · 1w
Quite possible. But you know most won't admit that shout out to you
cloud fodder profile picture
lol, twitter. it's been talked about. it's simple economics. if mining is not profitable miners wont mine or they wont sell until it is. difficulty adjusts every 2 weeks if miners are turned off and its a cutthroat business.

so, what might happen?

the cost of a bitcoin will be pressured to go up until equilibrium with mining is reached.

miners will turn off until equlibrium with cost to mine is reached (less miners, means more opportunity to find a block).

There has never been a distribution phase this long for any digital currency. Satoshi did that on purpose (no premine, no bullshit). Many decades of initial distribution for economic forces to play out are still left.

So it's true we don't know what that looks like if fees are zero and block reward is zero.. In 2040 the reward is still .39 for example.. How far in the future do people want to apply todays economics to and wring their hands about? Hell, power could be free and we living in a dysonsphere of solar panels and fusion reactors by then.

Anyway, yeah some of us still think about this stuff or have thought about it.. Just sayin'. We still here brah! #initforthetech #ngu
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