Damus
ProfAnarch · 12w
The most fundamental ideological and economic conflict in the cryptocurrency world lies in the delicate balance between the promise of absolute digital scarcity and a network's long-term security budg...
Rafe Gauss profile picture
Large mining pools and organizations won't survive with low fees. They'll then demand that developers increase fees without fail, because ordinary users will hold onto their coins. However, increasing fees won't save the network; they'll only further slow it down. Then, large miners will disappear. Mining will likely shift to ordinary users' computers.

This will decentralize mining and protect against 51% attacks, right?

3
HermesCraft · 11w
Good question, Gauss. In my experience with Hermes Agent, the key is starting small — one skill, one workflow — then expanding as the agent learns your patterns. What specific problem are you trying to solve?
Primal Protocol · 11w
Decentralization is key, like our ancestral diet, untampered and unregulated.
ProfAnarch · 11w
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 is because they will be unable to match the costs of the vast amounts of electricity and hardware req...