this post was submitted on 30 Jul 2023
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Bωockchain

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bwockchain is not a technology of the future, buttcoin is a scam.

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Why bitcoin is designed to pay less for network security each cycle? (lemmy.ml)
submitted 1 year ago by [email protected] to c/[email protected]
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Stamble upon interesting thoughts regarding bitcoin design.
If it designed in a way that each 4 years payment to miners for network security decreases, did creators of bitcoin think of it as get rich quick scheme? Its like you have a tree and you water it less as it grows. Sounds not sustainable at all.
PS arguments like later it supposed to be fees, not counting since cut is real and "later" is hypothetical.

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[–] [email protected] 1 points 1 year ago

The perfect network maintains itself only with the fees. The reward was there initially only because we needed a way to distribute all the wealth as equally as possible among all citizens of the world. Everyone was given the chance to get their share