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    Author Topic: Bitcoin: The Digital Kill Switch  (Read 55293 times)
    mobodick
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    May 12, 2013, 02:02:55 PM
    Last edit: May 12, 2013, 02:30:51 PM by mobodick
     #221

    Very interesting thread.

    I seems clear to me that Bitcoin as it currently is seems to have a fundamental flaw. When all, or even nearly all, coins are mined, difficulty has risen to a ridiculous point and the power of electricity is constantly rising what incentive do miners have to keep mining. Without miners the system is dead.

    I think you make a mistake.
    Difficulty will not become ridiculous. Difficulty follows from hashrate.
    If less people mine then difficulty adjusts downwards making it more profitble for the ones still mining.

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