A summary list of all concerns related to not rising the block size



Summary:

In an email sent on August 14th, 2015, Geir Harald Hansen declared that "Bitcoin dies. The end." This bleak statement was made in response to a discussion on the bitcoin-dev mailing list. It was suggested that the decline of mining rewards and the increase of transaction fees could lead to the death of Bitcoin. Hansen's comment was seen as a pessimistic outlook on the future of the cryptocurrency.Hansen's statement was included in a larger conversation about the potential consequences of these changes in the Bitcoin ecosystem. Specifically, it was noted that the exchange rate of BTC may fall as a result. This would make mining less profitable and could lead to a decline in network security. Despite these concerns, Bitcoin has survived and even thrived since this conversation took place. Its exchange rate has fluctuated over the years, but it remains one of the most popular cryptocurrencies in circulation. The community continues to debate the best ways to maintain its security and stability, but the notion that "Bitcoin dies" seems far-fetched at this point in time.


Updated on: 2023-06-10T19:16:27.262063+00:00