ElectronicsQuestions on Nostr: How would this affect miner profitability, and thereby security, long-term, if as you ...
How would this affect miner profitability, and thereby security, long-term, if as you say on-chain would be dead, long term? The BTC value would have to rise quite a bit over the coming century for it to be profitable to have even today's levels of mining on one or a few UTXOs from this system, with block subsidies going towards and eventually to zero.
Not saying it's unsolvable, guaranteed to be a problem, or anything, just wondering.
Published at
2023-06-02 21:56:25Event JSON
{
"id": "8c7327dbc635be24bcb42993e7ec764c097c5e4d98de4d3397642628eba5363b",
"pubkey": "a2a48499c402432a36b5384148372c647cbd68d0bece80b2d010756c3c5df349",
"created_at": 1685742985,
"kind": 1,
"tags": [
[
"e",
"04c5315588a0ad8f39a3eaab91459b809e9ff81164f691aacbfa2d01a15e0e27",
"",
"root"
],
[
"p",
"8eee8f5a002e533e9f9ffef14c713da449c23f56f4415e7995552075a02d1d37"
]
],
"content": "How would this affect miner profitability, and thereby security, long-term, if as you say on-chain would be dead, long term? The BTC value would have to rise quite a bit over the coming century for it to be profitable to have even today's levels of mining on one or a few UTXOs from this system, with block subsidies going towards and eventually to zero.\n\nNot saying it's unsolvable, guaranteed to be a problem, or anything, just wondering.",
"sig": "96d7cbe90f872ba43d7eb8cf7bd7aaea4722ae7dcf6d04e66dafe335138601de6c69e3db2f99f038db1dbc7f3d19dae7069f756fffe6942daf8f07b36dadea2e"
}
