Subject: Re: [Bitcoin-development] Fwd: death by halving

From: Alex Mizrahi <[email-masked]>
Date: Tue, 28 Oct 2014 22:57:56 +0200

> This thread is, in my opinion, a waste of time.  It's yet again
> another perennial bikeshedding proposal brought up many times since at
> least 2011, suggesting random changes for
> non-existing(/not-yet-existing) issues.
>
> There is a lot more complexity to the system than the subsidy schedule.
>

Well, the main question is what makes Bitcoin secure.
It is secured by proofs of work which are produced by miners.
Miners have economic incentives to play by the rules; in simple terms, that
is more profitable than performing attacks.

So the question is, why and when it works? It would be nice to know the
boundaries, no?