On: Nassim Taleb: Bitcoin failed as a currency and bec...

[iab]

Without (any) skin in this game, isn’t this proclamation a bit mature? The nature of Bitcoin right now seems speculative, but will that be true also when the mining phase is over?

[wk_end → iab]

Is the mining phase going to end before the oceans boil?

[pcthrowaway → wk_end]

Not if people keep mining!

[iab → wk_end]

Think of all that perfectly steamed seafood

[thefoodboylover → iab]

when is the mining phase over?

[tartoran → thefoodboylover]

As I understand will get more difficult to mine as it aproaches its 21 million cap.

https://www.investopedia.com/tech/what-happens-bitcoin-after...

[sebmellen → tartoran]

Not more difficult per se, just that the rewards will be less.

[tromp → thefoodboylover]

Bitcoin security depends on an everlasting backlog of high-fee paying transactions to fund miners and keep the cost of rewriting history exorbitant.

So never.