rich1.0npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2https://nostr.ae/npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2njumphttps://nostr.ae📅 Original date posted:2022-07-11 📝 Original message:On Tue, Jul 12, 2022 at 12:19:06AM +0200, James MacWhyte via bitcoin-dev wrote: > I think many of these discussions about the loss of the mining reward are > fatally shortsighted. > > It's always daytime somewhere--when you talk about volume dropping at > night, that simply means there is not enough activity outside the US. If > Bitcoin continues its rise in price, mining rewards will still be > substantial for decades to come. Given another 10 years, I'm fairly > confident there will be enough adoption worldwide to make mining profitable > around the clock, even if the mining reward were minimal. Earth's population is extremely uneven over the earths surface, and the pacific ocean is enormous and sparsely populated: https://earthsky.org/earth/99-percent-worlds-population-receive-sunlight/ Anyway, designing protocols for "price go up forever" hopium is a bad idea. -- https://petertodd.org 'peter'[:-1]@petertodd.org -------------- next part -------------- A non-text attachment was scrubbed... Name: signature.asc Type: application/pgp-signature Size: 833 bytes Desc: not available URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20220711/cc885f97/attachment.sig>