People who understand how to use bitcoin, shouldn’t. But for people who dont understand wallets, etc., it can be a way in. For mass adoption, it has to be easy.

You might be surprised. It wouldn’t be such a big name if at least some people weren’t still using it. If it gets a wider adoption and use of bitcoin, i’m for it. There a lot of good things that can come from easier and more accessible on and off ramps for people that aren’t as tech-savvy or familiar with blockchain tech.

Smiles-walk to earn Lolli- shop to earn Sats4likes- social tasks Foldcard - sat rewards on spending

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Ya, I never said it was a good thing.🤷🏽‍♂️

I’m sorry, i’m not quite sure I follow. I agree that a fee model might be more sustainable, but is that even possible? How would it even be implemented? And who would be the “they” that would implement it?

Thank you! I’ll give the whitepaper a read! I looked into it before hut I think i will have a deeper understanding reading it now.

Thank you. This is part of what I was wondering about. If mining becomes less attractive, then more miners may drop off, eventually diminishing the security if the network. I hope the price goes up this time too. But, this is only good for people already holding. If the price does not go up enough to account for the decrease in reward amount, then miners have less incentive to keep mining. Especially smaller miners, like you were saying, which would lead to further centralization of mining, and centralization of control of the network. I know the halving is necessary, but I though this was a consequence that I havent heard mentioned. Thank you for posting this

I see, thank you for clarifying. This was a little earlier in my journey, where I was asking “what the halving is”. Today I was wondering about the effect the halving might have on the network. I appreciate your vigilance though. Bots clog up good spaces and are much too prevalent these days, so I don’t blame you for being suspicious. But i’m just a noob tryna learn more about Bitcoin:)

This makes a lot of sense, thank you. So if I understand correctly, more mining rigs does not necessarily increase the speed of transactions, and visa versa. Instead, it really only increases the security of the network, as it would make a 51% attack harder to achieve?

Thank you, i appreciate the help. But I don’t think this is the same question. I do see the relation between the two. But my previous question was about a recommendation on a mining rig. This question was more a curiosity as to the effect that the halving would have on the performance of the network. While the answers may have been similar, the questions are quite different. I do appreciate your help. I hav purchased a copy of the bitcoin standard, and hope to find more answers there.

Thank you. I’ll definitely give it a read and dig into the videos. I wasn't too concerned about price here, but moreso about the functioning of the network(wondering: if miners drop out then transactions might slow down/become more expensive which might theoretically have a negative effect on the network), but I suppose that might not be the case. Thank you for the recommendations. I’ll dig in there and work my way further down the rabbit hole :)

I see. Thank you for clarifying. So theoretically, if the demand stays the same, but the supply goes down, then value per Bitcoin should go up. But as far as miners are concerned, wouldn't this make mining less attractive?

Its pretty great, just pure conversation. No ads, no self-promotion, just discourse. So many generous and inclusive people too. Really great to see something like this happen.