Hi, Peter
Thanks to human nature, still:
1. Bitcoin large holders are able to communicate with each other...
- and as a large bitcoin holder someone will very well understand that he
should run his Antminers at loss for goodness of Bitcoin network security.
But he won't communicate that - due t
you can stop talking about the "security of the system" as meaningful
this has been discussed enough
if fees are not sufficient, clearance times increase and large stakeholders
are incentivised to mine
in the best case, fees are sufficient
in the worst case, it degrades to proof of stake
i'm
On one scale you puts the Trust to the large stakeholders (why we avoid plenty
of small stakeholders, btw),
and on the other side I put game theory and well defined Prisoner's Dilemma.
Again: large stakeholders WILL NOT incentivised to mine, they will have the
hundreds excuses why not to switch
I recently started running a node and learning how to be effective with it from
The Blockchain Commons project here.
https://github.com/BlockchainCommons/Learning-Bitcoin-from-the-Command-Line
Granted, I am new at this, I may have tied my shoe laces together and wanted to
get feedback on what I
