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RE: Why Blockchain Technology will continue to fail to deliver
I was thinking about the current 'store of value' mantra being preached lately. There is a limited amount of BTC that will ever be created. When the rewards for mining diminish and the miners are relying on transaction fees to make mining profitable where will these transaction fees come from? A deflationary currency by its very nature discourages people from spending. If everyone just hold their bitcoin and never spends it, then there will be no transaction fees. No transaction fees means no mining profit. This is where I start to think that Bitcoin Cash has a better vision. A proof of work coin needs to be easy to spend.
The deflationary nature of BTC is what makes it a viable store of value.
PoS seems to manouver around that issue and I think it will become somewhat of a problem for Bitcoin when nobody wants to mine, resulting in a drop of hashrate which will make it easily attackable.
It will take a long time although for that to bear relevancy, as the last bitcoin is expected to be mined in 2140