/biz/ - Business & Finance

[Anonymous No.18838305]

Now that 9k has been comprehensively rejected, how low do we go in this next leg down?

[Anonymous No.18838316]

>>18838305
4K

[Anonymous No.18838320]

down too 0.5k

[Anonymous No.18838328]

Will make a lower low under 3k. Screenshot this.

[Anonymous No.18838329]

>On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department

https://www.bis.org/publ/work765.pdf

"Second, the transaction market cannot generate an adequate level of
“mining” income via fees as users free-ride on the fees of other transactions in a block and in the
subsequent blockchain. Instead, newly minted bitcoins, known as block rewards, have made up the bulk
of mining income to date. Looking ahead, these two limitations imply that liquidity is set to fall dramatically
as these block rewards are phased out. Simple calculations suggest that once block rewards are zero, it
could take months before a Bitcoin payment is final, unless new technologies are deployed to speed up
payment finality. Second-layer solutions such as the Lightning Network might help, but the only
fundamental remedy would be to depart from proof-of-work, which would probably require some form
of social coordination or institutionalisation."

>Written by phd´s in computer science and economics. Bitcoiners can’t refute this fud, lol

Spread this fud

[Anonymous No.18838330]

>>18838305
8.95k

[Anonymous No.18838345]

it's over for bulls, now it is finally time for the bears to rise

RISE UP BOBOS

[Anonymous No.18838994]

Wont go below $6600 ever again