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by machiaweliczny 1891 days ago
AFAIK No, BTC algorithm ensures fixed mining difficulty (so amount of mining&minners doesn't matter (only for overtaking network)). Actually if too much BTC will be mined by limited amount of miners whole coin my lose value, e.g. if we require that barier to entry is having own power plant BTC might get destroyed by too greedy miners.

IMO BTC existence is possibly good as it raises demand for cheap energy (and currently green energy is cheapest it seems), it's also good as forcing function for fiat.
2 comments
triceratops 1891 days ago
> BTC existence is possibly good as it raises demand for cheap energy

As opposed to the rest of the economy, which only demands expensive energy?

It would be pretty funny though, if the world's various governments decide BTC is an existential threat to their legitimacy and institute a carbon tax to destroy it.

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anoncake 1891 days ago
> IMO BTC existence is possibly good as it raises demand for cheap energy (and currently green energy is cheapest it seems), it's also good as forcing function for fiat.

No. It increases demand for energy period. Increasing demand makes energy more expensive, not less.

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