Bitcoin can't be expected to have total fees above 1-3% p.a after subsidy ending, or better money will be chosen. This means more than 97% of resources will always go to other than hashing SHA256. Bitcoin can't boil the oceans.
twetch#24100 5.7y
Scronty's take on Bitcoin mining was one of the most surprising things on the interview with @4179. It sounded like he did not understand the obvious relation between the amount of resources going into Bitcoin mining, and the value of Bitcoin.
What the chain says
- Block
- 673 874
- Time
- 2021-02-10T17:09:18Z
- Signer
- 1AjUnNeTbLY5rkmyGXMjBhZwfjjp9jKqin
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#24100
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1AjUnNeTbLY5rkmyGXMjBhZwfjjp9jKqin Verified