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replied 2336d
farsider350
It's a market. The amount of miners doesn't need to always go up. If less miners, difficulty decreases, BCH/KWHr good down. It's self adjusting.
replied 2336d
crazy so many people dont get this. it self adjusts.
replied 2336d
As you know, there're some here who don't really understand concept of markets.🙂 I think you know who. I don't understand how you can be against free market & think bch could work.
replied 2335d
So, after block reward is gone/less. If we had low usage, empty blocks, miners leaving bc unprofitable. Someone could step in and more cheaply attack the network?
replied 2335d
do wonder though, if the network shrinks it will be less secure right? bc less money/computers are needed for a 51% attack? not that any 1 group has anything near enough hash power.
replied 2335d
That is a concern. Maybe then their motivation would be to preserve the value of their holdings. Or they could raise min fee b/c it's not worth while to mine so low fees.
replied 2335d
Underlying value of the coin makes fees worth more though, even if still only 1 sat/byte.