Bitcoin’s protocol schedules a block reward ‘halving’ roughly every four years, as designed by Satoshi Nakamoto. But the artificial block size cap currently sanctioned by Core developers and a majority of miners alike may actually cause a catastrophic result come July 2016. Here’s how.
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Bitcoin halvings (less inflation over time): https://bitcointalk.org/index.php?top…
Difficulty readjustment details: https://en.bitcoin.it/wiki/Difficulty
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“Paper Bag” by Fiona Apple: https://www.youtube.com/watch?v=BK30r…
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