📅 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
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Peter Todd [ARCHIVE] /
npub1m2…a2np2
2023-06-07 23:11:44
in reply to nevent1q…uzyl
Author Public Key
npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2Published at
2023-06-07 23:11:44Event JSON
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"content": "📅 Original date posted:2022-07-11\n📝 Original message:On Tue, Jul 12, 2022 at 12:19:06AM +0200, James MacWhyte via bitcoin-dev wrote:\n\u003e I think many of these discussions about the loss of the mining reward are\n\u003e fatally shortsighted.\n\u003e \n\u003e It's always daytime somewhere--when you talk about volume dropping at\n\u003e night, that simply means there is not enough activity outside the US. If\n\u003e Bitcoin continues its rise in price, mining rewards will still be\n\u003e substantial for decades to come. Given another 10 years, I'm fairly\n\u003e confident there will be enough adoption worldwide to make mining profitable\n\u003e around the clock, even if the mining reward were minimal.\n\nEarth's population is extremely uneven over the earths surface, and the pacific\nocean is enormous and sparsely populated:\n\nhttps://earthsky.org/earth/99-percent-worlds-population-receive-sunlight/\n\nAnyway, designing protocols for \"price go up forever\" hopium is a bad idea.\n\n-- \nhttps://petertodd.org 'peter'[:-1]@petertodd.org\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: signature.asc\nType: application/pgp-signature\nSize: 833 bytes\nDesc: not available\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20220711/cc885f97/attachment.sig\u003e",
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