If mining COMPLETELY STOPS for BTC, does it have any value?…
If mining COMPLETELY STOPS for BTC, does it have any value? This is something to think about.
Isn't the mining tied to the block reward? If there is NOBODY willing to mine it, there is nobody willing to validate any transactions (including selling it) and it IMMEDIATELY becomes worthless.
So… wouldn't it be a tremendous problem if the block reward halving made it uneconomical to mine BTC?
Selling BTC is a TRANSACTION on the blockchain that must be validated by a miner. If nobody were willing to mine BSV, it would have no value because you could not liquidate it. There would be no validation of your transaction to sell it.
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I don't think the mining "COMPLETELY STOPS" for BTC will play out after this halving. As, many miners will flee out to shift their hash power to more profitable chain, the difficulty will be adjusted. Mean while the power that be still have unlimited fiat resource to keep their mining cabal running in order to keep the BTC chain ponzi alive and resulting more centralised control in their hand.
As I predicted, the power that be will continue pumping BTC price and printing more fiat, USDT to prop up BTC price and buy the BTC hash power in order to keep the Ponzi BTC chain alive. The only way to kill this ponzi chain is bring USDT to light. In order word, USDT must be audited publicly and collapse BTC price…It's hard in this corrupted and rotten justice system…The FED still running the Fiat system because people won't be able audit the FED. The BTC ponzi still alive because nobody be able to audit the USDT.
Unlimited fiat resource? From where? So… the government is supporting BTC by printing money out of thin air?
There probably is a cabal of some kind that is interested in BTC continuing indefinitely, but at some point it will become uneconomical to mine it if significant revenue cannot be obtained from transaction fees. In the whitepaper, transaction fees were supposed to replace the subsidy in the long run.