rules will develop in any system and yes are beneficial. like internet or bitcoin protocol. but unlike gov laws these are agreed upon by people choosing to use the system.
exactly this, consensus rules will emerge like language in any free market, but only if they are beneficial and voluntarily chosen
My biggest takeaway from Thursday's meetup was the feeling that this movement is still in it's infancy. If you understand PoW you're in the tiniest minority. Perhaps less than 10,000 people on Earth really get it.
How will the power of mining nodes change once all the Bitcoin has been mined? Also, how will the power of mining nodes transform as the block reward becomes less and less?
If there's not enough transaction activity on-chain generating many small fees in balance with frictionless value exchange utility etc. Bitcoin will die.
I think that it has a transcendent Truth to it. Something that reveals the human condition. The truth hurts like hell and we think killing the messenger will make it go away.
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so I just discovered this : BTC.TOP pool 24 Hours change on BCH : +3795.77% (source: https://bch.btc.com/) and 53% hashrate in the past day ?https://bit.ly/2sVZM1i anyone has info on this ?