Feb 12, 2024
🚨 Market Alert: Glassnode reports on-chain indicators signal a 'high risk' phase for Bitcoin investments.
Proceed with caution and stay informed.
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🚨 Market Alert: Glassnode reports on-chain indicators signal a 'high risk' phase for Bitcoin investments.
Proceed with caution and stay informed.
Risk of concentration in Bitcoin Mining.
Once the software stops minting new bitcoins, miners will need to be rewarded in some other way – and in fact, bitcoin users were already starting to pay miners to process their transactions more quickly, Aste said. He noted that other financial technology innovations – for example, e-commerce – had started off as highly distributed but had since become concentrated with just a few dominant vendors such as Amazon, eBay and Alibaba. The same should be assumed to happen with bitcoin mining due to economies of scale, he said. http://www.risk.net/risk/news/2461327/status-quo-will-push-back-on-blockchain-conference-hears