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/biz/ - Business & Finance

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52300703 No.52300703 [Reply] [Original]

If we know mathematically that bitcoin will be unsustainable in a few decades, due miners abondoning it since there will be no profits anymore and therefore compromising the network security, why is this still regarded as a store of value?

>> No.52300858

>>52300703
>since there will be no profits anymore
Transaction fees.

>> No.52300868
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52300868

>>52300703
I wonder how successful a campaign would be to make hashing dynamic on the BTC protocol, like every 4th block runs the anti-asic cryptographic hash can be done super efficiently on photonics or memristor computers.

can get a whole collection of hash functions designed to heterogenize the market for hash wars.

Surely there is hope that even maj or choose in sha256 can be done more efficiently on another computational substrate

also quantum cleverness, whats to say choose prime factors of your digest as nonces doesnt probabilistically score lower difficulty levels

thats how i see btc being saved

>> No.52300898

There's a couple projects that have antucipated to this and are tokenizing hashrate

>> No.52300924

>>52300898
And who is going to put real money in that you fat fucking retard?

>> No.52300952

>>52300703
Pumping BTC so they can gradually sell their bags and get out, preserving their fortune. Fudding XRP in an attempt to keep the price low while they are buying in.

>> No.52301052

>>52300924
bitcoin is real money

>> No.52301069
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52301069

>>52301052

>> No.52301133

>>52301069
not my fault you can't understand a simple notion

>> No.52301135
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52301135

>>52300858
not enough and for that to work btc would need massive adoption and price increase - eventually it would need to be in the quintillions range, see the problem?

>> No.52301156

>>52300703
we don't actually know that.

>> No.52301237

>>52301135
>not enough
when you have a fixed supply it all depends on demand. we don't know the future demand for block space.

>> No.52301775

>>52301135
This completely ignores transaction fees

>> No.52302057

>>52301135
Hmm. If we get a century of inflation like we have now, your chart doesn't seem impossible. 176K breakeven ten years from now doesn't seem too unreasonable, and the rate of multiplicative gain doesn't seem to increase.