arceris on Nostr: You handwave through your main point. Why isn’t the security model viable? Fee ...
You handwave through your main point. Why isn’t the security model viable?
Fee revenue can stay constant in Bitcoin terms (~25M sats/block) and totally pay for the security of the system. Today that means a reward of ~6.5 Bitcoin/block. In 5 halvings, that means ~44M sats/block.
So all Bitcoin has to do to meet today’s security budget is hit the purchasing power equivalent of ~$450k today… by 2040.
I somehow think it’ll do far better than that.
Fee revenue can stay constant in Bitcoin terms (~25M sats/block) and totally pay for the security of the system. Today that means a reward of ~6.5 Bitcoin/block. In 5 halvings, that means ~44M sats/block.
So all Bitcoin has to do to meet today’s security budget is hit the purchasing power equivalent of ~$450k today… by 2040.
I somehow think it’ll do far better than that.