As for rate of mining blocks vs mining physical gold, there is a key difference that make the comparison inadequate, imo:
- the option to stop mining entirely
Gold mining can stop & transactions can continue with mined gold. Bitcoin mining can't stop.
Post by twetch#10895
The relatively consistent annualized rate of gold mining referred to by George must include slowdowns, pauses, etc. And includes zero transaction dependency. "Mining" probably won't be the right word once all 21 million bsv are in circulation. Txns only
What the chain says
- Block
- 623 207
- Time
- 2020-02-22T17:31:29Z
- Signer
- 1Pbz4esEs8BGKqqHcNBqm1yEcLdacauFPA
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#10895
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1Pbz4esEs8BGKqqHcNBqm1yEcLdacauFPA Verified