humblebitcoiner on Nostr: Thanks for the video, Matthew. This might be a hot take, but I wouldn’t be too ...
Thanks for the video, Matthew.
This might be a hot take, but I wouldn’t be too opposed to a tail emission if that’s what it takes to keep incentivizing miners to secure the network.
I would imagine that plenty of people will want to use the base layer, so there would be enough transaction fees that this wouldn’t be necessary. But if everyone transitions to lightning or bitcoin banks, we might need to stop halving the reward.
A 0.01 BTC block reward would be .0025% increase in the supply every year. Bitcoin would easily maintain its status as the hardest money. It would be a small price to pay in my opinion.
This is a problem that we will face decades from now, and there are good arguments for both sides. Maybe solo miners will be willing to take a loss to secure the network or maybe energy will be so cheap that everyone will be mining bitcoin.
I’m curious what everyone thinks.
This might be a hot take, but I wouldn’t be too opposed to a tail emission if that’s what it takes to keep incentivizing miners to secure the network.
I would imagine that plenty of people will want to use the base layer, so there would be enough transaction fees that this wouldn’t be necessary. But if everyone transitions to lightning or bitcoin banks, we might need to stop halving the reward.
A 0.01 BTC block reward would be .0025% increase in the supply every year. Bitcoin would easily maintain its status as the hardest money. It would be a small price to pay in my opinion.
This is a problem that we will face decades from now, and there are good arguments for both sides. Maybe solo miners will be willing to take a loss to secure the network or maybe energy will be so cheap that everyone will be mining bitcoin.
I’m curious what everyone thinks.