Row 31167

Row ID: 31167 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 31167 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Past performance is not a guarantee of future performance.

And no, I'm not referring to price.

The truth is as coinbase drops, mining is going to become ever more reliant on fees, and in another couple of halvings that should really start to bite. Assuming people will pay huge fees, or time transactions to when things are cheaper is really not any kind of answer. LN is not a general purpose scaling solution, and even if it was it drains fees from L1, making matters worse. Bitcoin is already not well decentralised, and this could make matters much worse, leaving it open to attack.

All of crypto is a huge experiment in technology, economics and politics, and we have to prepare for the path not to be a smooth one. It's quite likely Bitcoin protocol will either have to change, or face a slow drift into further irrelevance as a digital cash.

While a handful of dedicated people mine on laptops, Bitcoin won't die, we can imagine some museums doing it to upkeep the protocol alive, but as a global P2P electronic cash, the story is pretty much already at an end.

Sad.

FieldValue
text Past performance is not a guarantee of future performance. And no, I'm not referring to price. The truth is as coinbase drops, mining is going to become ever more reliant on fees, and in another couple of halvings that should really start to bite. Assuming people will pay huge fees, or time transactions to when things are cheaper is really not any kind of answer. LN is not a general purpose scaling solution, and even if it was it drains fees from L1, making matters worse. Bitcoin is already…
label r/cryptocurrency
dataType comment
communityName r/CryptoCurrency
datetime 2024-05-21
username_encoded Z0FBQUFBQm5Lak1HSVBLQkZjRXNya1F2Wl9wb0NkREJqRmNCVTFhc2tJbl94cWp6cE9nUFBNOFJzejNqWllYT01kbHBUdG1jU3NMMkFLNTkwV2lLM01IX0Jscnl2Y21rRHc9PQ==
url_encoded Z0FBQUFBQm5Lak9WbXZzdXpIdGxPa2stNjZMdjgyWU1naWpMMnhSWFBzT2cxOGhoZ20yNlNXZm9MdEZweG9LU2tvSjhXdU1QVFhZRXZRakQ1dFB2UUIzR3o4MEhLcTV3cmxiR1Z2OENRYWhSOUdkNTdjY0JlRlNnMG1VR0M5YnhuX2liaGN4SzdzSFVndi1XNVIxVktaSDJRZTRkX2JCeWtESDBZUTRPbzgzTlNQQXBlS2RrcllGai10UHhxNkZ4WjlBUDJTYTc5c19T

Raw Record

{
  "text": "Past performance is not a guarantee of future performance.\n\nAnd no, I'm not referring to price.\n\nThe truth is as coinbase drops, mining is going to become ever more reliant on fees, and in another couple of halvings that should really start to bite.  Assuming people will pay huge fees, or time transactions to when things are cheaper is really not any kind of answer.  LN is not a general purpose scaling solution, and even if it was it drains fees from L1, making matters worse.  Bitcoin is already not well decentralised, and this could make matters much worse, leaving it open to attack.\n\nAll of crypto is a huge experiment in technology, economics and politics, and we have to prepare for the path not to be a smooth one.  It's quite likely Bitcoin protocol will either have to change, or face a slow drift into further irrelevance as a digital cash.\n\nWhile a handful of dedicated people mine on laptops, Bitcoin won't die, we can imagine some museums doing it to upkeep the protocol alive, but as a global P2P electronic cash, the story is pretty much already at an end.\n\nSad.",
  "label": "r/cryptocurrency",
  "dataType": "comment",
  "communityName": "r/CryptoCurrency",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1HSVBLQkZjRXNya1F2Wl9wb0NkREJqRmNCVTFhc2tJbl94cWp6cE9nUFBNOFJzejNqWllYT01kbHBUdG1jU3NMMkFLNTkwV2lLM01IX0Jscnl2Y21rRHc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9WbXZzdXpIdGxPa2stNjZMdjgyWU1naWpMMnhSWFBzT2cxOGhoZ20yNlNXZm9MdEZweG9LU2tvSjhXdU1QVFhZRXZRakQ1dFB2UUIzR3o4MEhLcTV3cmxiR1Z2OENRYWhSOUdkNTdjY0JlRlNnMG1VR0M5YnhuX2liaGN4SzdzSFVndi1XNVIxVktaSDJRZTRkX2JCeWtESDBZUTRPbzgzTlNQQXBlS2RrcllGai10UHhxNkZ4WjlBUDJTYTc5c19T"
}
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