Quote:
Originally Posted by freebeard
Per-zackly.
Once all the Bitcoin have been mined, the miners will have to subsist on transaction fees. The server farms shall be re-purposed for surveillance or prioritized HTML traffic.
Or our AI overlords. Dunt-dunt-dunnn.
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After a decade of use, the servers from those farms will find their way to the scrapyard, just like most obsolete electronics. At this point in my IT career, I won't take free computers if they are over 5 years old.
Great info on how Bitcoin transactions are processed and rewards dived. I thought it was an ever expanding complexity to authenticate each transaction, which would clearly be unsustainable since the reward would diminish as the computational effort continued to increase.
I still don't understand why immense computational resources are required to validate a transaction. It takes nothing to flip a few bits.