You're trying to cut out the middle man in learning how to cook.
It doesn't need to be complicated. Everyone who cooks knows the answers to these questions because they can remember that time their oil started smoking or they burnt this or undercooked that. Just start trying it, you'll learn as you go.
Is the plan to secure a fully-mined chain just rampant value-inflation in a way that is completely detached from supply and demand? Today my 1e-1000 bitcoin is worth 10 carrots, tomorrow it is worth 20 everything else held equal? How does that even work in practice?
Alternatively you need transactions to pay entirely for the security of the chain. This doesn't seem feasible when chain security costs rise everyday as the cost of energy deceases. And if transaction fees increase to compensate and people transact less the whole thing blows up.
Gnome on Wayland works pretty great for me. (No issues with brightness etc). Occasionally I log into an X11 session because Wayland screen sharing doesn't work that great.
Well, if people are paying for it with Tether and it turns out Tether is backed by loans or other cryptocurrencies then it would be by definition artificially inflated.
The allegations were thrown out by every court they got brought to and by conservative judges as well. It's a farce and you're the sheep getting fleeced.
Twitter suspending/banning for violations of policy is discrimination in the same way barkeeps throwing unruly patrons out of the bar is discrimination.
As transaction fees increase to cover the cost of security (even an "altruistic" (self-interested) financial system needs to pay for energy) users are less likely to transact which is positive feedback on the transaction fee.
If deflation cannot outpace this then Bitcoin effectively dies. The longer you leave funds on the chain the more you will pay to pull them out. If deflation does outpace security cost you have runaway infinite deflation that is no longer tied to a from of scarcity but instead the cost of securing the chain. That doesn't seem great either.
> Hell, maybe by then they get enough people on board for a BTC 2 that's some weird Ethereum competitor. It's really hard to theorize on that long of a time horizon.
Possible, but I don't know if I'm optimistic about humanity's ability to generate collective consensus in the face of crisis.
The year is 2150 or whatever -- bitcoin is fully mined. There is a metric asston of mining hardware out there that needs to be running to secure the chain -- presumably all coming from transaction fees.
Not only to transaction fees have to scale to cover the entirety of block rewards but they must continue to grow over time to compete with increased hardware efficiency in hashing.
Does it not follow that:
a) transaction fees rise to recoup not only current cost of mining hardware, but R&D and deployment of new hardware over time to keep the chain secure. As people realize this they convert their bitcoin to something else to avoid bag holding.
OR
b) transaction fees cannot support the mining hardware as is, miners sell of their hardware to recoup their costs and the chain becomes vulnerable.
I confess I might be missing something but I don't see how a fully mined coin is stable.
>One thing that's always worked for me is to amortize the cost of purchase by time played. If I get only six hours of Cyberpunk 2077 played at $60. That's 10/hr for entertainment... which is better than a lot of stuff.
I'll probably sink 50 or 60 hours into the game completing the main story. That's $1/hr of entertainment... ridiculously good value.
The amount of time we have is finite, attaching a dollars per hour figure to it is a hilariously bad metric to judge how much value entertainment has. People don't play X's and O's all day because it's great value.
The purpose is to lock down API access to extract value from AI training.