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Infighting in the Crypto Bros Family

In: The Bitcoin Dilemma

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  • Colin L. Read

    (SUNY Plattsburgh)

Abstract

SatoshiNakamoto, HatoshiNakamoto, Satoshi created a mechanism for decentralized exchange that yields a decreasing minerminer reward structure and prophesized that transaction fees will outswamp mining fees by 2040 or 2044, unless a forkfork is agreed upon that advances this date. The bitcoin mining industry remains resolute in maintaining the lucrative Proof of Work rewards and hence electrical consumption and environmental degradation nonetheless.

Suggested Citation

  • Colin L. Read, 2022. "Infighting in the Crypto Bros Family," Springer Books, in: The Bitcoin Dilemma, chapter 0, pages 231-242, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-09138-4_22
    DOI: 10.1007/978-3-031-09138-4_22
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