nothing works, there are no volumes on the market and it's time to start real trading where the market is really volatile
Comment:
Bons further claims that as the block rewards for miners decrease over time, the network will increasingly rely on Bitcoin transaction (TX) fees to incentivize miners to secure the network.
If TX fees are not high enough, the author believes that the security of Bitcoin will decrease to a point where it becomes profitable for attackers to launch an attack, rendering the network insecure.
Bons suggests that if the security of Bitcoin’s network continues to decrease due to low transaction fees, two options may be left to address the issue.
The first option, according to Bons, would be to increase Bitcoin’s supply inflation by creating more Bitcoin beyond the 21 million that was originally intended. This would increase the circulation of Bitcoin and could help to incentivize miners to continue securing the network, even if transaction fees are low.
The second option would be to allow the network to come under attack with double-spending. This would be a serious security breach, allowing attackers to steal funds from other users on the network by spending the same Bitcoin twice. This would be the last resource and could result in a loss of confidence in Bitcoin’s security and value.
Overall, Bons suggests that BTC’s security model may not be sustainable in the long run and that changes may need to be made to ensure the network’s security and longevity.
Featured image from Unsplahs, chart from TradingView.com
.... - when fucking enthusiasts interfered in the open source of bitcoin and started inventing heavy equipment - that's when it all started. Bitcoin can only live and exist if the entire block chain, the corresponding wallet, is installed on the device, which will play the role of today's stupid miners. Today's miners are a dead end, a road to nowhere. I remember that wallet with my bitcoins and it interacted with the same wallets of bitcoin users, there were no problems. The wallet could bring a couple of satoshis of income to one user, all income was distributed between nearby wallets that the network could see - it was real bitcoin, and now what kind of garbage...
If TX fees are not high enough, the author believes that the security of Bitcoin will decrease to a point where it becomes profitable for attackers to launch an attack, rendering the network insecure.
Bons suggests that if the security of Bitcoin’s network continues to decrease due to low transaction fees, two options may be left to address the issue.
The first option, according to Bons, would be to increase Bitcoin’s supply inflation by creating more Bitcoin beyond the 21 million that was originally intended. This would increase the circulation of Bitcoin and could help to incentivize miners to continue securing the network, even if transaction fees are low.
The second option would be to allow the network to come under attack with double-spending. This would be a serious security breach, allowing attackers to steal funds from other users on the network by spending the same Bitcoin twice. This would be the last resource and could result in a loss of confidence in Bitcoin’s security and value.
Overall, Bons suggests that BTC’s security model may not be sustainable in the long run and that changes may need to be made to ensure the network’s security and longevity.
Featured image from Unsplahs, chart from TradingView.com
.... - when fucking enthusiasts interfered in the open source of bitcoin and started inventing heavy equipment - that's when it all started. Bitcoin can only live and exist if the entire block chain, the corresponding wallet, is installed on the device, which will play the role of today's stupid miners. Today's miners are a dead end, a road to nowhere. I remember that wallet with my bitcoins and it interacted with the same wallets of bitcoin users, there were no problems. The wallet could bring a couple of satoshis of income to one user, all income was distributed between nearby wallets that the network could see - it was real bitcoin, and now what kind of garbage...
Comment:
Wiktionary logo Wiktionary has an entry for "stagnation".
Stagnation - the market is now stagnant, collapse