Viewing a response to: @taskmaster4450/re-zoidsoft-will-proof-of-work-continue-to-be-stable-when-the-block-reward-becomes-incentively-insignificant-20180421t220803479z
I dont think that that argument is valid. If btc is low there is not much to secure. If btc is high the security needs to be higher. So with rising btc we need more security and that is the case if blockreward stays fixed. Think this way, currently a year x% of the total value is spent to secure the network, and that number will be x/2% in 2020
| author | frdem3dot0 |
|---|---|
| permlink | re-taskmaster4450-re-zoidsoft-will-proof-of-work-continue-to-be-stable-when-the-block-reward-becomes-incentively-insignificant-20180423t062502100z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"],"app":"steemit/0.1"} |
| created | 2018-04-23 06:25:03 |
| last_update | 2018-04-23 06:25:03 |
| depth | 2 |
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| author_reputation | 5,680,052,681,361 |
| root_title | "Will Proof of Work Continue to be Stable when the Block Reward Becomes Incentively Insignificant?" |
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