The pursuit of the block reward pits miners against one another in a race for the reward. In the presence of a desirable block reward, miners who are competing against one another will always push the blockchain forward. However, people have confused what this means. This notion that adversarial competition strengthens security only applies to the pursuit of the next block reward; it does not apply to anything else in the Bitcoin ecosystem. Once the block reward falls below other possible incentives for miners, there could be a massive phase shift in security. We have no idea what happens then.

Lock

Is this correct??

me.dm by Medium.com

Anil Dash (@anildash@me.dm)

One sign that you're not making a technology for the right reasons is when you have to fucking lie about it, or misrepresent others in order to com...

How about we start using Soros-funded to describe things we don’t like

What’s red and bad for your teeth?

Watching people trying to gin up bank runs and hyperinflation, I can’t help but thinking this is only a projection onto their own susceptibility to fear, greed, and herd-mentality. Most normies don’t fall so easily to FGH.

I’m curious what the mechanics are of a long term short of bitcoin - like does that even makes sense? How would you write up such a contract?

So is Balaji just trying to prove that you can bribe an oracle? What’s his play here.

Ordinals carve out a path to perpetual issuance. Once the seventh halving occurs, if enough people agree that ordinals above this block number are worth double, and the same after the next four years, and after the next four years, you have perpetual issuance via social consensus

Jason Lowery’s thesis is not one that academics should laugh away lightly; It should be heckled without mercy.

I’m not sure if it’s like this in other major cities but in Seattle the ride apps are about 30-50% more expensive than cabs and sometimes even more convenient.