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RE: Can't even buy 1 bitcoin for yourself? Way too expensive? Let's look at STEEM too for a second.

in #bitcoin7 years ago

The entry barrier for some coins is negligible too. As a monetary standard, BTC is an excellent prospect, even with the mining and operational costs- eliminate mining cost by eliminating mining past 95% of the supply (this is like accelerating to .95c, when your this close, the return on effort is probably not worth it to get to .9999999...) and tweaking the code to lower operational costs would make a huge difference here.

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That has already been done by Peercoin. (Which is a bitcoin forked clone without needing mining to support the network)