micah541 on Nostr: This is one of the better write ups of the future Bitcoin security model by LynAlden ...
This is one of the better write ups of the future Bitcoin security model by
LynAlden (npub1a2c…w83a) . The takeaway seems to be that it’s certainly not a guarantee that Bitcoin will collapse in 40 years; there are many scenarios in which a fee market could develop which provides the necessary security. However this is hardly anything like the reassurance one would need to say, sell Bitcoin as a surefire way to pay off the national debt. Bitcoin might not even be around. Of course it might, but that’s not enough to build a national reserve on.
https://www.lynalden.com/bitcoin-security-modeling/Published at
2024-12-13 22:18:24Event JSON
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"content": "This is one of the better write ups of the future Bitcoin security model by nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a . The takeaway seems to be that it’s certainly not a guarantee that Bitcoin will collapse in 40 years; there are many scenarios in which a fee market could develop which provides the necessary security. However this is hardly anything like the reassurance one would need to say, sell Bitcoin as a surefire way to pay off the national debt. Bitcoin might not even be around. Of course it might, but that’s not enough to build a national reserve on. \n\n\nhttps://www.lynalden.com/bitcoin-security-modeling/",
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