112 sats \ 7 replies \ @ama 10 Mar \ on: What would Bitcoin "Failing" Look Like? bitcoin
Block time being so long that difficulty couldn't be adjusted down.
write
preview
0 sats \ 1 reply \ @030a29f333 OP 10 Mar
While this is ultimately a self regulating issue, i would be surprised if I never see an insanely long mining epoch (several months or more) in my life
reply
0 sats \ 0 replies \ @ama 10 Mar
Me too. It's the only thing that, if it happened, would make me say that Bitcoin was failing, not failed, since It could always recover, if more mining power was added...
reply
0 sats \ 4 replies \ @kilianbuhn 10 Mar
Nonsense. That can't happen. The lowest difficulty is easily calculateable on a normal computer. Even on a really shitty really old computer.
reply
100 sats \ 3 replies \ @ek 10 Mar freebie
They mean that too much hashrate goes offline at an unfortunate time. Difficulty adjustments only happen every 2016 blocks so if you're the last surviving miner after a mass exodus early in the new difficulty period, good luck mining all remaining blocks yourself. Also, there is a limit how much difficulty can adjust in a single period iirc.
reply
10 sats \ 1 reply \ @ama 10 Mar
The only one or one among a few, no need to be just one. :-)
reply
0 sats \ 0 replies \ @ek 10 Mar
Yes, it was just an extreme example to make it clear. You're right.
reply
27 sats \ 0 replies \ @Fabs 10 Mar
Yep, there's a given factor that the difficulty can be adjusted by per time.
reply