melvincarvalho on Nostr: Doge is pretty scammy, same dudes released a ton of coins and then rugged them on ...
Doge is pretty scammy, same dudes released a ton of coins and then rugged them on cryptsy. Elon doesnt know his history, sadly.
Bitcoin and Litecoin have different algorithms, SHA256 vs Scrypt. You need to be the top in your hash algo to avoid attacks, which are common in alts.
Bitcoin has a subsidy block reward of 6.25 bitcoins, rn. Another way of saying that is that every vbyte has a subsidy of 625 sats/vybte. Fees are incidental.
In 9 years that will move to under 1 BTC, or 82 sats/vbyte + fees. At this time bitcoin will have a different security model. As will litecoin. But on the upside during that epoch 99% of bitcoin will be mined.
Bitcoin needs a plan to avoid reorgs and networks splits for the era which starts when the reward moves under 1. Satoshi didnt really go into it in the white paper and there was some vague talk about competing with Visa.
Adversarial thinking needs to start thinking about 9 years from now. We have some time, but it is not unlimited.
Bitcoin and Litecoin have different algorithms, SHA256 vs Scrypt. You need to be the top in your hash algo to avoid attacks, which are common in alts.
Bitcoin has a subsidy block reward of 6.25 bitcoins, rn. Another way of saying that is that every vbyte has a subsidy of 625 sats/vybte. Fees are incidental.
In 9 years that will move to under 1 BTC, or 82 sats/vbyte + fees. At this time bitcoin will have a different security model. As will litecoin. But on the upside during that epoch 99% of bitcoin will be mined.
Bitcoin needs a plan to avoid reorgs and networks splits for the era which starts when the reward moves under 1. Satoshi didnt really go into it in the white paper and there was some vague talk about competing with Visa.
Adversarial thinking needs to start thinking about 9 years from now. We have some time, but it is not unlimited.