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RE: Could Dash Be The Digital Currency For The Masses? - Comparing Bitcoin And Dash
Dash is a proof-of-work currency so it will have problems if it ever grows really big. My critique of Bitcoin applies to all pow-coins: Simple economics prove that Bitcoin will fail
I think you're mistaken. Particularly this point you made in your post you linked to.
From what I understand, the block reward is adjusted in the Bitcoin protocol written by Satoshi Nakamoto. As time progresses, miners earn less and less bitcoin for mining. It's pretty clear if you read the whitepaper.
I'm very well aware of that. The problem is that block reward in bitcoins will be halved in every four years, it's way too slow to be a meaningful factor in this case.
If Bitcoin gets lots of new users, the price will go up and the block reward will also go up in dollars. When there is lots of dollars paid for wasting electricity, it will be done. You get what you pay for.