Bitcoin discussion and news

[freshapple]

Ross Ulbricht is free!!

His use case for bitcoin was to solicit murders, wasn’t it?

 

[mojo pixy]

everyone who does a tx pays some fees to the miners, in 100 years those fees will be the primary reward.

Miners ... are continually providing power to the bitcoin network to gain the right to create the next block and therefore win the 3.25 btc reward and all the transaction fees associated with that block. The winner gets to choose which transactions to include, which is why miners prioritise high fee transactions.

I'm not sure if this is a pyramid scheme or straight up parasitic capitalism, or just both.

 

[Saul Goodman]

I'm not sure if this is a pyramid scheme or straight up parasitic capitalism, or just both.

It's both. Super concentrated.