Comment on Bitcoin mining is no longer profitable

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Hirom@beehaw.org ⁨2⁩ ⁨days⁩ ago

lol it can’t adjust on public approval. It’s software that runs.

It can. Software is written by people. Its authors can build it wigh an update mechanism.

Crypto currencies such have Tezos have a vote-based update mechanism and a community that periodically submits algorithm changes for approval.

Bitcoin doesn’t have a update mechanism that allows smooth change. Its take it or abandon it (ak hard fork). Peole can move away from it, and, it’s sad that so many people still haven’t.

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