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re: Predict the 12/31/2014 bitcoin price (plus 2013 year in review)
Posted on 1/9/14 at 2:15 pm to C
Posted on 1/9/14 at 2:15 pm to C
quote:
Wait won't this become more likely in the future as mining profitability goes down? Fewer people will want to mine in the future as the number of new coins will decrease and the power to mine will increase. Thus it will become more concentrated.
Perhaps. If there is nothing in it for them to mine, the criminals may look to steal. This always happens. Hell the US $ loses lots to counterfeiting as it is.
Posted on 1/9/14 at 5:42 pm to Broke
So where's Wiki to drop some knowledge on us about the amazingness of Bitcoin? Haha the more I read on this, the more serious flaws I see.
This post was edited on 12/13/17 at 12:46 am
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