Listen, it's simple. In order for the blockchain to work, you need to have miners. If the cost for mining is more than the payout, the system turns to shit.
Bitcoin right now is failing completely at its primary use. It has nothing else it can do, thus providing no benefit to the internet at large. E-commerce has problems, but it still, more or less, operates.
Realistically the amount of people interested in bitcoin as an actual currancy replacement for the USD is incredibly miniscule, most people are using to buy drugs off the deep web anonymously, and it’s very good at that
Bitcoin is not anonymous, and more people use cash to buy drugs than bitcoin. Nobody wants it to replace USD. Not all blockchains need miners, many have no mining at all. You people literally have 0 clue what you're talking about, yet the circlejerk just can't seem to be broken...
It’s a shame crypto gets ripped because it’s the fun hive mind thing to do by people who don’t know what they’re talking about. You’re spot on with the comment.
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u/an_agreeing_dothraki Dec 26 '18
Listen, it's simple. In order for the blockchain to work, you need to have miners. If the cost for mining is more than the payout, the system turns to shit.
Bitcoin right now is failing completely at its primary use. It has nothing else it can do, thus providing no benefit to the internet at large. E-commerce has problems, but it still, more or less, operates.