What is happening to the bitcoin price – Follow up – (consensus algorithm discussion)

This is a follow up to this video https://www.youtube.com/watch?v=_-TLA3j-ic4&list=PL1zCD-urlm3iuJlUhq7Nwl5KuVXVShHKO Click here to learn how to protect your…

8 thoughts on “What is happening to the bitcoin price – Follow up – (consensus algorithm discussion)”

  1. Success Council

    Fact correction. I over stated what is believed to be Satoshi’s stake. He
    is only believed to have mined 900k coins, not 50%. My apologies.

  2. “a nefarious government” is like saying “cold ice” or “wet rain”

    all governments are inherently nefarious 

  3. Comment on competing currencies.

    It is better to have competing currencies because of nonlinearly
    scalability of blockchain networks. As the number of transactions rise in a
    system like bitcoin the resources required for any one node scales faster.
    This will translate into higher fees on transactions imposed by the
    miners. To incentivise lowering costs on transactions having other
    competing networks will reduce the costs of processing. These smaller
    parallel coins are suitable for the smaller transactions that does not
    require a huge market cap or liquidity.

    Another reason for multiple network is to increase user anonymity by making
    cross chain transactions.

  4. What effect will renewable energy, like solar power, have on this issue of
    centralized mining? Also, what effect will quantum computing have on
    mining?

  5. points- :

    it’s not about “fair” its about monetary distribution economics, BTC is
    flawed DPOS is about as bad.

    Compare the Quark protocol to the DPoS and the BTC monopoly.

    we can’t “choose” to have one currency its not our choice the market will
    decide.

    The decentralized economics of DPOS are broken in a fundamental way.

    Myriad uses SHA256 though multiPoW look it up, it has solved the natural
    51% problem along with Quark (Myriad is robust for long distro Crypto)

    Cheers good luck with everything. diversify friend, you are going to want
    to do that, you seem to be talking from “hope ” and “emotion” don’t take
    that the wrong way.

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