MAXI MISNOMER 3

BY FRED BARBER

 

Maxi: Volatility Equals Vitality.

Me: Nope. Velocity will equal vitality for BTC. Many experts believe Bitcoin is secured by its protocol and hash rate within a decentralized network of nodes all over the world. If we dive deeper, we will find that the economic incentive to run a full node is what really keeps Bitcoin’s network secure. In short, self-interest and greed in material form keep the nodes running. Once the block reward for mined Bitcoin fails to pay for operations of full nodes, they will close down. Currently, three major miners control more than 50% of the hash rate as more smaller miners die out or get bought out by these larger firms (a.k.a. capitulation and consolidation).

Maxi-Misnomers

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