[CATV VIDEO] Talking Dash Brazil With Rod Ambrissi
6 years ago in #crypto-news by taoofsatoshi (59)
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according to my estimates. bitcoin prices fall by the yearly charts go down like this. the price drops when we buy. for those who have bought bitcoin. hold until the price rises. I'm sure this is a game of money people. We have small money so have to follow their way.
Am I the one only who sees the fatal flaw in the system? The currency is based on the update of the ledger, which needs miners to keep getting updated. Miners are only doing it because right now, the value of bitcoin received by mining is greater than the cost of electricity needed to do the mining. But what happens when that is no longer true? Miners don't have an incentive to mine, the ledger stops being updated and the currency becomes worthless. It's inevitable.
In the case of Dash, there is a built in difficulty and reward adjustment system. If miners leave and the hashrate falls, the adjuster will automatically increase the reward to attract more miners. When the miners come back the adjuster will level off the reward again.
Also, the unique nature of Dash's DAO means that we could even offer incentivized mining through the blockchain proposal system. Looking long term, the transaction fees should overcome any shortcoming as well.
Ah that is possible but since bitcoin isn't centralized, who would be responsible for paying the miners? This sounds very similar to communism and there's a reason communism doesn't work.
The network itself pays the miners through the code, or the decentralized masternode network can vote to incentivize mining directly.
Great , interview for Dash funs. I upvote u, support me upvote too i am newbiew here.
@taoofsatoshi thank you very much for sharing the news with us.
I appreciate you sharing the good because you have helped me know more! I am glade how i knew just a little about bitcoin .my thoughts easily suggest experiences different than mine are not possible!
Anyway, i have my introduction and appreciation post on my blog.
Check
You are in on the ground floor of something big!
Yes probably.
But you have helped me in just the few moment.
I appreciate that
great.
Great video - keep them coming.
i like that flush on the cryptomoney because everybody wins
I don't know if my upvote is recognised. But you can as well help me in upvoting too. I'm newbie anyway.
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