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minhdang2212 (OP)
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April 19, 2018, 05:57:38 AM
 #21
Quote from: blockman on April 19, 2018, 04:22:12 AM
Quote from: minhdang2212 on April 19, 2018, 04:07:35 AM
If it costs more then it will lose its competitive advantage with other forms of remittance such as bank, paypal, ...
The advantage is still there which there will be no 3rd parties involved for each individuals transaction.


Every bitcoin deal we have to deal with the miners. Are the miners here considered 3rd parties?
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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MintDice
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April 27, 2018, 12:03:27 AM
 #22
Luckily, Lightning Network is in beta testing to figure out how to help with some of these issues; It will allow more technological capability within the blockchain. We go into more detail about this on our blog post, so check it out  Smiley

Bit.ly/LightningNetwork101

Hope this helps!
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