Vitalik Buterin spoke with economics author Noah Smith and discussed Bitcoin and the network’s long-term security.
every year,” Buterin stressed. “Eventually, of course, the issuance will decrease to near-zero, at which point that will stop being an issue, but then Bitcoin will start to deal with another issue: how to make sure that it stays secure.” Buterin added:
“Of course, if Bitcoin actually gets attacked, I do expect that the political will to switch to at least hybrid proof of stake will quickly appear, but I expect that to be a painful transition,” the software developer told Smith. The Ethereum co-founder said that he thinks people have the wrong idea about PoS giving the largest stakeholders control over the network.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Two reasons why Vitalik Buterin is worried about Bitcoin’s long-term healthButerin is concerned that Bitcoin’s transaction fees won’t provide enough security when the mining revenue dries up.
Read more »
Why This Strategist is a 'Long-Term Believer, Short-Term Skeptic' of Bitcoin'I want to see the regulators make up their minds and get out of the way,' market strategist Bob_Iaccino says. $BTC and $ETH will be two asset classes, similar to American businesses, that will adjust to the rules, he says. Presented by kucoincom:
Read more »
CoinDesk: Bitcoin, Ethereum, Crypto News and Price DataAs the much-anticipated EthereumMerge gets closer, KaikoData shows that the derivative markets are heating up. New money is returning to the perpetual futures markets more ferociously than ever. Chart of the Day explains, presented by cryptocom:
Read more »
Comedian Bill Murray's Wallet Hacked for $186K Worth of Ethereum After NFT Charity Auction – Bitcoin NewsAmerican actor and comedian Bill Murray saw 119.2 ethereum drained from his crypto wallet following an NFT charity auction.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC, ETH Below $20,000 and $1,600 Respectively, on Saturday – Market Updates Bitcoin NewsFollowing a brief rally above $20,000 and $1,600 respectively, bitcoin and ethereum fell below these levels to start the weekend.
Read more »