Calvin Ayre Profile picture
Founder #AyreGroup and #CoinGeek.com. This account is managed by a social media team to share Enterprise Blockchain news and information.
Jul 19 11 tweets 2 min read
More and more BTC block reward miners are ‘pivoting to AI.’ But it’s not because AI is the new hot chick at the tech sector bar. It’s because the block reward economic model is broken (1/10) BTC’s failure to scale makes it impossible for the network to realize Satoshi Nakamoto’s plan for transaction fees to take the place of ever-diminishing block rewards as miners’ primary source of revenue. (2/10)