I have noticed that every day appears more crypto projects that have as characteristic NO mining. These are cryptocurrencies or token projects that already exclude one of the problems found in currencies that must need mining. It´s needed to set up an infrastructure, sometimes large and heavy, to mining them. Think about currencies as Bitcoin and Ethereum and how heavy and expensive is the structure for mining those currencies.
These new projects eliminate these difficulties when start. Therefore, these new projects tend to evolve based on the elimination of the problems found in existing currencies, focusing on the points of improvement of the problems found in these emerging technologies. Such as “doing better what supposed better”.
To have an idea about the characteristic of these projects, see that practically all the projects that have been launched lately have NOT mining. And some existing projects that are onto TOP 100. Such as Ripple, Cardano, Stellar, Neo, EOS, NEM and several others ... they have NO mining.
Philosophizing with Satoshi Nakamoto
When Satoshi Nakamoto created bitcoin, he was aware that if he did not create a compensation mechanism, where people could be directly involved with the technology, the project would not move forward. It would not be possible to create an infrastructure with the capacity to develop the level of security required by technology, in order to make it safe and reliable.
However, He knew that It couldn't allow that infrastructure to grow infinitely. Consequently, that being the case, he tied the inflationary issue to the limit of mining growth. Then to have the issue resolved, limited the issuance of bitcoins to 21 million, making the bitcoin in a limited resource on purpose. Thus, at the end of the mining process, all the necessary infrastructure for management would have already incorporated all the level of security and tests necessary to convert it into a digital asset with the aim of adding value.
Obviously, that Satoshi did not think that way, or if he thought, we do not know. But using a bit of conspiracy theory it is possible to reach that level of reasoning.
The future
In the future there, no importance of have or haven't Bitcoin's mining. In the end, at the moment that there is no more mining for Bitcoin, probably there will no longer be any project with currencies that have mining. Mining will be incomprehensible, inappropriate for future projects. In ten years, there will probably be no more currency that is mined and if it exists it will be something very old.
Have you think about that? In these terms? Let us know… What you think about that?
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I have also noticed that every day in January the profitability of mining has dropped as well.
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That profitability has dropped due a market moment a kind of adjustment. I guess that is that... Otherwise we could find GPU fo buy and that was disappeared from the market. Don't?
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What keeps the blockchain safe? and still some type of mining has to happen otherwise the system is centralized and loses the decentralizing capabilities does it not?
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Not necessarily, depends on the project and the way that is designed.
For exemplo. If all coins are generated when to project start and all them are in the ledger or a kind of fullnode and you have a fullnode about that coin running in your home, or datacenter, or in any place. Is that centralized?
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Isto é muito ruim! distribuição virou ilusão.
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Veja. A mineração de bitcoins no mundo consome 33 terawatts/ano de eletricidade, o que dá um terço da Itaipu ou alimentar o Brasil por 26 dias. Parou para pensar no custo disso? E não estamos falando das outras altcoins. Isso aumentaria o valor. É ou não é um problema a mineração?
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Look. Bitcoin mining in the world consumes 33 terawatts/year of electricity, which gives one-third of Itaipu/Brazil or feed Brazil for 26 days. Did you stop to think about the cost? And we're not talking about the other altcoins that would increase the value. Is is not mining a problem?
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