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Replying to Avatar Nice and Kind Vic

Bitcoin, and all blockchains employing Nakamoto consensus, are encumbered by the need (and cost) of continued block production, even as subsidies reduce and eventually goto zero. Even if there are no new transactions, participants of transactions in recent blocks are incentivized to ensure block production continues in order to avoid double spends via chain rewrites.

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mcneb10 1y ago

I’m more concerned with the outside perceived value of Bitcoin, how is that affected by a bunch of miners bailing? I guess we can’t truly know until it happens

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