{"type":"rich","version":"1.0","title":" wrote","author_name":"npub1fp685rwn5pecyxu7edf49g9r8630tdm440srjvjq5psmtklg56lscnfr2h","author_url":"https://nostr.now/npub1fp685rwn5pecyxu7edf49g9r8630tdm440srjvjq5psmtklg56lscnfr2h","provider_name":"njump","provider_url":"https://nostr.now","html":"Look at the hash rate, see any problem ?\n\nI don't know how this works out in the long term.\nProbably fees is going to be a large part of the solution.\n\nBut if #Bitcoin becomes a widely used currency it will be the backbone of most economics.\n\nAs such nations, big companies basically everyone will depend on it functioning properly.\n\nSo it can't be excluded (by then honest/trustworthy/selfless not the crap we have currently 😇) goverments and/or big companies or #Bitcoin-banks (Strategy ?) will put substantial money into safeguarding the protocol.\n\nA completely different path would be if personal mining would take off.\nIf everyone would have a home-miner to be combined with heating or warmwater, that could deliver enough hash power to be safeguarding #Bitcoin.\n\nThe use of stranded/uneconomically energy is also not yet fully used.\nIt is possible that big projects could use large amounts of otherwise stranded cheap energy and that to provide enough hash power.\n\nSo far I haven't heard any one talk about completely  new developments of/for the hash function.\nUp to now the protocol is such that everyone can join the mining pool to complete for the coinbase or fees.\n\nI can envision that to change in the future.\nIf the coinbase has dropped to zero  we could find alternatives for the current proof of work mechanism.\nJust running nodes could be possible.\nIf every body using #Bitcoin would run a node and some majority mechanism would determine the real #Bitcoin protocol we don't need that huge processing power any more.\n\nYes there changes needed but they are are feasible.\nEven ways to reduce the blockchain size could be possible, making a node even more affordable.\nBut technology is evolving faster than the blockchain grows so that isn't going to be a big problem anyway ?\n\nAnd all this is made up by some idiot in a few minutes time. Really, we shouldn't worry, but since we are human most will 🤷‍♂️\n\nIt is basically the question if humanity will evolve into something fair and sustainable or will just keep destroying Earth and each other for some personal gains....\n\n \n\n"}