>>60846269 (OP)
Even bitcoin is a scam. Guess what happens when the last bitcoin is mined and the fees are not enough to incentivize the miners that are already running on a pretty thin profit.
>>60846873
Dull. Mining only prevents double spends, BTC is still secure regardless of the hashrate, worse case scenario you have to wait a few hours before large (multi-billion $) transactions are considered final
>>60849179
Worst case scenario is mining profitability crisis followed by total network security collapse. The security of the network is built on the assumption that the hash rate will never experience a significant drop, and that most of the hash rate will never be owned by malicious actors shorting bitcoin.
>>60846269 (OP) >memecoin dip yesterday looked like death >bought anyway because why not >now up 3x and pretending i βknewβ it would recover >friends think iβm some market genius >still canβt explain what memecoin actually does
>>60849283
Are there any mitigations in place that will prevent bitcoin hash rate from ever experiencing a significant drop, and will stop any malicious actors from accumulating mining hardware to then short bitcoin and do a 51% attack that will scare away everyone from using PoW coins?
>>60846367
/biz/ retards kept saying ETH was dead and I myself believed in this wholeheartedly, but even I know when to admit I was wrong, and I only hold ADA. Congrats to all the diamond hands ETHereals
>>60849959 >bro miners have an economic incentive to play nice >the miners are the biggest believers in bitcoin and they sell every coin they mine because they're charitable and they want to share the orange cyberlight bro >no, there are NO economic incentives to short bitcoin and stage a 51% attack, this will NEVER happen bro
>>60849082
Actually Satoshi owns about 1.1M BTC or about 5% of the supply, which is significantly larger than the 440K ETH that Vitalik and the Foundation own which is only about 0.4% of the supply
>>60846285
EVERYTHING not bitcoin is a scam you fucking retard READ.
hurrr this! sar stick to major sir!!! >SOL >FART >SON >PEPE >DOGE >ETH >yas saar, everything btc bad sar but these good!