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.
arceris / Arceris
npub1k7…58edl
2023-08-14 12:52:41
in reply to nevent1q…m8p8
Author Public Key
npub1k7tcreyu0w970fxsht8ccw54az2yh27agf4x2s92crwam9mw9cws558edlPublished at
2023-08-14 12:52:41Event JSON
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"pubkey": "b79781e49c7b8be7a4d0bacf8c3a95e8944babdd426a6540aac0dddd976e2e1d",
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"content": "You handwave through your main point. Why isn’t the security model viable?\n\nFee 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.\n\nSo all Bitcoin has to do to meet today’s security budget is hit the purchasing power equivalent of ~$450k today… by 2040.\n\nI somehow think it’ll do far better than that.",
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