Apr
16
awarded Editor
Mar
8
comment Will Bitcoin suffer from a mining Tragedy of the Commons when mining fees drop to zero?
Simple answer: Society cannot survive without commons and they are always manageable. Because Bitcoin is decentralized, the free market will find a solution. Already FPGA and ASIC processors are solving the electricity cost factor of mining. Hopefully, we will not legislate a central bank to take over control of the network before then.
Mar
8
comment Will Bitcoin suffer from a mining Tragedy of the Commons when mining fees drop to zero?
@ripper234 Master Charge is 40+, a lot has changed in finance since then. It's likely Satoshi chose the 40 year curve for Bitcoin reward just for this reason. Technology will change beyond our current paradigms. Give me a hint as to what kind of analysis you would like to have? Autonomous agents? A new algorithm? Historically, war has been used for long term financial resolution. Bitcoin will dramatically change even before it gets released and will continuously evolve and adapt to our contemporary paradigms and technologies. Anything in 10 years, let alone 40 years would be pure speculation.
Mar
8
comment Will Bitcoin suffer from a mining Tragedy of the Commons when mining fees drop to zero?
Your question begs an answer to problems 40 years in the future. I'm not sure how you expect a engineering answer to technologies that haven't been invented yet. Speculation at this point would be science fiction.
Mar
8
answered Will Bitcoin suffer from a mining Tragedy of the Commons when mining fees drop to zero?
Mar
7
answered What would happen to people's money if the Bitcoin project was discontinued?
Mar
6
comment How can I hide my bitcoin transactions to protect anonymity?
Right. Privacy and anonymity are seperate issues. You can make a transaction very private so that Bob will know who sent the Bitcoin, but very few others would be able to trace it to you. Law enforcement should have tools to trace transactions, but even for them it should not be easy.
Mar
2
answered How would interest and fractional reserve work in a limited money supply?
Feb
29
comment How would one inject a blockchain fork to the Bitcoin network?
@ThePiachu - Thank you for clearing that up. This is hypothetically possible, but due to variance it is mathematically pointless conjecture. If attempted in reality, it would most likely be recognized as an attack.
Feb
27
comment How would one inject a blockchain fork to the Bitcoin network?
There are several alternate block chains. They each have different schemes for block rewards, fee structures, scripting, etc.
Feb
27
answered How would one inject a blockchain fork to the Bitcoin network?
Feb
19
awarded Supporter
Feb
19
answered Are competing blocks a problem to weak participant of the network?
Feb
19
answered Would it be possible to patent Bitcoin?
Feb
19
awarded Teacher
Feb
19
answered What are the perceived advantages of bitcoin as a store of value?
Feb
15
answered What happens if I mistype the address when making a payment?