On Tue, Oct 28, 2014 at 8:17 PM, Ferdinando M. Ametrano
ferdinando.ametr...@gmail.com wrote:
On Oct 25, 2014 9:19 PM, Gavin Andresen gavinandre...@gmail.com wrote:
We had a halving, and it was a non-event.
Is there some reason to believe next time will be different?
In november 2008
This thread is, in my opinion, a waste of time. It's yet again
another perennial bikeshedding proposal brought up many times since at
least 2011, suggesting random changes for
non-existing(/not-yet-existing) issues.
There is a lot more complexity to the system than the subsidy schedule.
Answering today's concerns with yesterday's facts is dangerous,
especially with bitcoin on a 4 years period. I personally consider all
arguments like we went through once, and nothing special. So no
disturbance worthy of discussion to expect baseless.
Also, starting a topic with mentions of death
In november 2008 bitcoin was a much younger ecosystem,
Or very old, indeed, if you are using unsigned arithmetic. [...]
:-) I meant 2012, of course, but loved your wit
and the halving happened during a quite stable positive price trend
Hardly,
Economically a halving is almost the same as a halving in price (as fees
take up more of the pie, less so).
Coincidentally the price has halved since early July to mid-October, and
we've not even seen difficulty fall yet.
I don't think there's much to see here.
Neil
On Tue, Oct 28, 2014 at 9:19 PM, Jérémie Dubois-Lacoste
jeremie...@gmail.com wrote:
The fact that a topic was brought up many times since a long time,
does not mean it is not relevant.
I am not saying that it is not relevant, I'm saying the discussion
is pointless:
No new information has
On Tue, Oct 28, 2014 at 10:34 PM, Neil kyuupic...@gmail.com wrote:
Economically a halving is almost the same as a halving in price (as fees
take up more of the pie, less so).
Coincidentally the price has halved since early July to mid-October, and
we've not even seen difficulty fall yet.
The fact that it is known in advance is no counter argument to me.
But it does change miner behaviour in pretty significant ways.
Unlike difficulty forecasting, which seems near impossible to do
accurately, miners can plan to purchase less hardware as they approach
the revenue drop. You can do
On Tuesday 28. October 2014 22.44.50 Ferdinando M. Ametrano wrote:
It amazes me that basic economic considerations seems completely lost here,
especially when it comes to mining.
Please don't confuse people dismissing your thoughts with dismissing the basic
economic considerations. The fact of
On Tue, Oct 28, 2014 at 11:00 PM, Thomas Zander tho...@thomaszander.se
wrote:
you didn't read the
archives where these ideas have been brought forward and discussed, a
consensus was reached. (it wasn't so basic afterall)
The fact that people don't want to repeat the discussion just for your
On Tue, Oct 28, 2014 at 10:43 PM, Gregory Maxwell gmaxw...@gmail.com
wrote:
As of now the cost per block is probably already about 100USD, probably
in
the 50-150USD.
This is wildly at odds with reality. I don't mean to insult, but
please understand that every post you make here consumes
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